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TYL Tyler Technologies Corp

520.91
0.00 (0.00%)
Pre Market
Last Updated: 11:30:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tyler Technologies Corp NYSE:TYL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 520.91 0 11:30:01

Statement of Changes in Beneficial Ownership (4)

03/03/2023 10:58pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MOORE H LYNN JR
2. Issuer Name and Ticker or Trading Symbol

TYLER TECHNOLOGIES INC [ TYL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

5101 TENNYSON PARKWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

3/1/2023
(Street)

PLANO, TX 75024
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/1/2023  M  6000 A (1)91015.4097 D  
Common Stock 3/1/2023  F  2361 D$320.1 88654.4097 D  
Common Stock 3/1/2023  M  2400 A (1)90708.4097 D  
Common Stock 3/1/2023  F  808 D$320.1 89905.4097 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance-Based Restricted Stock Unit  (1)3/1/2023  M     6000   (2) (2)Common Stock 6000 $0 0 D  
Performance-Based Restricted Stock Unit  (1)3/1/2023  M     2400   (3) (3)Common Stock 2400 $0 0 D  
Performance-Based Restricted Stock Unit  (4)3/1/2023  A   10153     (5) (5)Common Stock 10153 $0 10153 D  
Performance-Based Restricted Stock Unit  (4)3/1/2023  A   10153     (6) (6)Common Stock 10153 $0 10153 D  
Performance-Based Restricted Stock Unit  (4)3/1/2023  A   2108     (7) (7)Common Stock 2108 $0 2108 D  
Restricted Stock Unit  (8)3/1/2023  A   3124     (9) (9)Common Stock 3124 $0 3124 D  

Explanation of Responses:
(1) Performance-based restricted stock units convert into common stock on a one-on-one basis.
(2) On March 1, 2020, the reporting person was granted performance-based restricted stock units based upon cumulative revenue growth over a three-year period ending on December 31, 2022 and continued employment through March 1, 2023. 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 (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
(3) On March 1, 2022, 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, 2022 and continued employment through March 1, 2023. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 110% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
(4) Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
(5) 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, 2025 and continued employment through March 1, 2026. 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.
(6) Vesting is subject to the issuer's achievement of long-term performance goals based upon operating margin for the year ending December 31, 2025 and continued employment through March 1, 2026. 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.
(7) 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, 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 175% of the restricted stock units awarded.
(8) Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
(9) The restricted stock units vest in equal installments on each of the first, second, and third anniversaries of the date of grant and will be settled by the Issuer on such dates, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
MOORE H LYNN JR
5101 TENNYSON PARKWAY
PLANO, TX 75024
X
President and CEO

Signatures
Randall G. Ray, attorney-in-fact3/3/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year Tyler Technologies Chart

1 Year Tyler Technologies Chart

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1 Month Tyler Technologies Chart