Jeffrey David Puckett - Mar 1, 2022 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Signature
Randall G. Ray, attorney-in-fact
Stock symbol
TYL
Transactions as of
Mar 1, 2022
Transactions value $
-$258,669
Form type
4
Date filed
3/3/2022, 03:20 PM
Previous filing
Jan 5, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Options Exercise +1.8K +54.23% 5.12K Mar 1, 2022 Direct F1
transaction TYL Common Stock Tax liability -$188K -439 -8.58% $428.26 4.68K Mar 1, 2022 Direct
transaction TYL Common Stock Options Exercise +630 +13.46% 5.31K Mar 1, 2022 Direct F1
transaction TYL Common Stock Tax liability -$70.7K -165 -3.11% $428.26 5.15K Mar 1, 2022 Direct

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 Performance-Based Restricted Stock Unit Options Exercise $0 -1.8K -100% $0.00* 0 Mar 1, 2022 Common Stock 1.8K Direct F1, F2
transaction TYL Performance-Based Restricted Stock Unit Options Exercise $0 -630 -100% $0.00* 0 Mar 1, 2022 Common Stock 630 Direct F1, F3
transaction TYL Performance-Based Restricted Stock Unit Award $0 +2.5K $0.00 2.5K Mar 1, 2022 Common Stock 2.5K Direct F4, F5
transaction TYL Performance-Based Restricted Stock Unit Award $0 +603 $0.00 603 Mar 1, 2022 Common Stock 603 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock units convert into common stock based upon percentage of target performance achieved.
F2 On March 1, 2019, the reporting person was granted performance-based restricted stock units based upon cumulative revenue growth over a three-year period ending on December 31, 2021 and continued employment through March 1, 2022. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 120% of target performance.
F3 On March 1, 2021, the reporting person was granted performance-based restricted stock units based upon non-GAAP earnings per share for the one-year period ending December 31, 2021 and continued employment through March 1, 2022. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 120% of target performance.
F4 Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
F5 Vesting is subject to the Issuer's achievement of long-term performance goals based upon cumulative recurring revenue growth over the three-year performance period ending December 31, 2024 and continued employment through March 1, 2025. The number of vested restricted stock units will be settled by the Issuer in Issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
F6 Vesting is subject to the Issuer's achievement of long-term performance goals based upon non-GAAP earning per share for the one-year performance period ending December 31, 2022 and continued employment through March 1, 2023. The number of vested restricted stock units will be settled by the Issuer in Issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 175% of the restricted stock units awarded.