Donald R. Brattain - May 11, 2021 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Role
Director
Signature
Randall G. Ray, attorney-in-fact
Stock symbol
TYL
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/13/2021, 12:36 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Options Exercise +753 +65.48% 1.9K May 12, 2021 Direct F1, F2
holding TYL Common Stock 5.42K May 11, 2021 See footnote (2) F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TYL Restricted Stock Units Options Exercise $0 -753 -100% $0.00* 0 May 12, 2021 Common Stock 753 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Donald R. Brattain is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Includes shares owned indirectly by the reporting person, as follows: (a) 2,762 shares held by Deephaven Enterprises, Inc., of which the reporting person is the sole shareholder; and (b) 2,660 shares held in an individual retirement account for the benefit of the reporting person's spouse.
F3 On May 12, 2020, the reporting person was granted 753 restricted stock units, which vested 100% on the first anniversary of the grant date and were settled by the Issuer on such date, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.

Remarks:

The reporting person retired as a director of the Issuer effective May 11, 2021. As a result, the reporting person is no longer subject to Section 16 in connection with his transactions in the equity securities of the Issuer and, therefore, will no longer report any such transactions on Form 4 or Form 5.