Filing Details
- Accession Number:
- 0001240085-21-000008
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-02 18:02:42
- Reporting Period:
- 2021-02-26
- Accepted Time:
- 2021-03-02 18:02:42
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 860731 | Tyler Technologies Inc | TYL | Services-Prepackaged Software (7372) | 752303920 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1250902 | Jr Lynn H Moore | 5101 Tennyson Parkway Plano TX 75024 | President And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-02-26 | 16,750 | $176.80 | 81,012 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-26 | 16,750 | $466.11 | 64,262 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-02-26 | 7,200 | $0.00 | 71,462 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-26 | 2,515 | $461.31 | 68,947 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2021-03-01 | 7,500 | $0.00 | 76,447 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-03-01 | 2,952 | $463.42 | 73,495 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Option | Disposition | 2021-02-26 | 16,750 | $0.00 | 16,750 | $176.80 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-02-26 | 7,200 | $0.00 | 7,200 | $0.00 |
| Common Stock | Performance-Based Restricted Stock Unit | Disposition | 2021-03-01 | 7,500 | $0.00 | 7,500 | $0.00 |
| Common Stock | Performance-based Restricted Stock Unit | Acquisiton | 2021-03-01 | 5,000 | $0.00 | 5,000 | $0.00 |
| Common Stock | Performance-based Restricted Stock Unit | Acquisiton | 2021-03-01 | 1,100 | $0.00 | 1,100 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2025-12-01 | No | 4 | M | Direct | |
| 14,400 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 5,000 | No | 4 | A | Direct | ||
| 1,100 | No | 4 | A | Direct |
Footnotes
- Acquired through the exercise of stock options.
- 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.
- Restricted stock units convert into common stock on a one-on-one basis.
- Performance-based restricted stock units convert into common stock based upon percentage of target performance achieved.
- Option has graded vesting. Date exercisable will vary with each vesting tranche.
- On May 9, 2018, the reporting person was granted 36,000 restricted stock units, to vest in equal installments on the first, second, third, fourth and fifth anniversaries of the vesting commencement date of February 26, 2018, and settled by the Issuer on the respective anniversary dates, subject to the terms and conditions of the issuer's 2018 Stock Incentive Plan.
- On June 1, 2018, the reporting person was granted performance-based restricted stock units based upon cumulative revenue growth over a three-year period ending on December 31, 2020 and continued employment through March 1, 2021. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 100% of target performance, the stated number of units awarded.
- Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
- 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, 2023 and continued employment through March 1, 2024. 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 number of restricted stock units awarded.
- Vesting is subject to the issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year performance period ending December 31, 2021 and continued employment through March 1, 2022. 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 number of restricted stock units awarded.
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