Initial Statement of Beneficial Ownership (3)
May 21 2021 - 4:58PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Puckett Jeffrey David |
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/11/2021
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3. Issuer Name and Ticker or Trading Symbol
TYLER TECHNOLOGIES INC [TYL]
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(Last)
(First)
(Middle)
5101 TENNYSON PARKWAY |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Chief Operating Officer / |
(Street)
PLANO, TX 75024
(City)
(State)
(Zip)
| 5. 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
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 3291 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Option | (1) | 12/14/2022 | Common Stock | 3000 | $47.2 | D | |
Option | (1) | 6/14/2023 | Common Stock | 2250 | $68.17 | D | |
Option | (1) | 12/13/2023 | Common Stock | 2250 | $100.43 | D | |
Option | (1) | 6/13/2024 | Common Stock | 2250 | $81.21 | D | |
Option | (1) | 12/15/2024 | Common Stock | 2250 | $108.81 | D | |
Option | (1) | 6/1/2025 | Common Stock | 2250 | $121.05 | D | |
Option | (1) | 12/1/2025 | Common Stock | 6250 | $176.8 | D | |
Option | (1) | 6/1/2026 | Common Stock | 8500 | $154.85 | D | |
Option | (1) | 12/1/2026 | Common Stock | 8500 | $143.42 | D | |
Option | (1) | 6/1/2027 | Common Stock | 5000 | $171.44 | D | |
Option | (1) | 12/1/2027 | Common Stock | 5000 | $181.79 | D | |
Option | (1) | 6/1/2028 | Common Stock | 2500 | $231.68 | D | |
Option | (1) | 12/1/2028 | Common Stock | 2500 | $192.76 | D | |
Performance-based Restricted Stock Unit | (2) | (2) | Common Stock | 1500 | (3) | D | |
Option | (1) | 6/1/2029 | Common Stock | 2500 | $213.35 | D | |
Option | (1) | 12/1/2029 | Common Stock | 2500 | $290.17 | D | |
Performance-based Restricted Stock Unit | (4) | (4) | Common Stock | 2000 | (3) | D | |
Option | (1) | 6/1/2030 | Common Stock | 2500 | $375.85 | D | |
Option | (1) | 12/1/2030 | Common Stock | 2500 | $432.12 | D | |
Performance-based Restricted Stock Unit | (5) | (5) | Common Stock | 471 | (3) | D | |
Performance-based Restricted Stock Unit | (6) | (6) | Common Stock | 2350 | (3) | D | |
Explanation of Responses: |
(1) | Option has graded vesting. Date exercisable will vary with each vesting tranche. |
(2) | Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative revenue growth over the three-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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 120% of the number of restricted stock units awarded. |
(3) | Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock. |
(4) | Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative revenue growth over the three-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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 120% of the number of restricted stock units awarded. |
(5) | 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 on 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. |
(6) | 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 on actual performance during the performance period, the actual number of restricted stock units vesting may range from 0% to 150% of the number of restricted stock units awarded. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Puckett Jeffrey David 5101 TENNYSON PARKWAY PLANO, TX 75024 |
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| Chief Operating Officer |
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Signatures
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Randall G. Ray, attorney-in-fact | | 5/21/2021 |
**Signature of Reporting Person | Date |
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