John S. Marr Jr - Dec 8, 2021 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Role
Executive Chairman, Director
Signature
Randall G. Ray, attorney-in-fact
Stock symbol
TYL
Transactions as of
Dec 8, 2021
Transactions value $
-$8,507,620
Form type
4
Date filed
12/10/2021, 02:39 PM
Previous filing
Dec 6, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Options Exercise $2.06M +12K +25.3% $171.44 59.4K Dec 8, 2021 Direct F1
transaction TYL Common Stock Sale -$6.26M -12K -20.19% $521.62 47.4K Dec 8, 2021 Direct F2
transaction TYL Common Stock Options Exercise $2.13M +12.4K +26.18% $171.44 59.9K Dec 9, 2021 Direct F1
transaction TYL Common Stock Sale -$6.43M -12.4K -20.75% $518.18 47.4K Dec 9, 2021 Direct F2
holding TYL Common Stock 45.2K Dec 8, 2021 See footnote (3) F3

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 Option Options Exercise $0 -12K -48% $0.00 13K Dec 8, 2021 Common Stock 12K $171.44 Direct F4
transaction TYL Option Options Exercise $0 -12.4K -95.52% $0.00 583 Dec 9, 2021 Common Stock 12.4K $171.44 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired through the exercise of stock options.
F2 Reflects the average sales price for the reported transaction. The shares were sold in multiple transactions. The reporting person will provide to the Commission, the issuer or any stockholder, upon request, full information regarding the number of shares sold at each separate price.
F3 Includes shares owned indirectly by the reporting person, as follows: (a) 5,650 shares owned indirectly, which are held in two trusts for which family members are beneficiaries and for which Mr. Marr is a co-trustee and is deemed to have shared voting and dispositive power; and (b) 39,500 shares owned indirectly, which are held in a partnership in which Mr. Marr is the general partner (the partnership is owned 99% by a trust in which Mr. Marr's children are the beneficiaries and 1% by the general partner). The reporting person disclaims beneficial ownership of the securities identified as owned indirectly except to the extent of his pecuniary interest therein.
F4 Option has graded vesting. Dates exercisable will vary with each vesting tranche.