Sec Form 3 Filing - Puckett Jeffrey David @ TYLER TECHNOLOGIES INC - 2021-05-11

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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. Issuer Name and Ticker or Trading Symbol
TYLER TECHNOLOGIES INC [ TYL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
5101 TENNYSON PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
05/11/2021
(Street)
PLANO, TX75024
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 3,291 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option $ 47.2 ( 1 ) 12/14/2022 Common Stock 3,000 D
Option $ 68.17 ( 1 ) 06/14/2023 Common Stock 2,250 D
Option $ 100.43 ( 1 ) 12/13/2023 Common Stock 2,250 D
Option $ 81.21 ( 1 ) 06/13/2024 Common Stock 2,250 D
Option $ 108.81 ( 1 ) 12/15/2024 Common Stock 2,250 D
Option $ 121.05 ( 1 ) 06/01/2025 Common Stock 2,250 D
Option $ 176.8 ( 1 ) 12/01/2025 Common Stock 6,250 D
Option $ 154.85 ( 1 ) 06/01/2026 Common Stock 8,500 D
Option $ 143.42 ( 1 ) 12/01/2026 Common Stock 8,500 D
Option $ 171.44 ( 1 ) 06/01/2027 Common Stock 5,000 D
Option $ 181.79 ( 1 ) 12/01/2027 Common Stock 5,000 D
Option $ 231.68 ( 1 ) 06/01/2028 Common Stock 2,500 D
Option $ 192.76 ( 1 ) 12/01/2028 Common Stock 2,500 D
Performance-based Restricted Stock Unit ( 3 ) ( 2 ) ( 2 ) Common Stock 1,500 D
Option $ 213.35 ( 1 ) 06/01/2029 Common Stock 2,500 D
Option $ 290.17 ( 1 ) 12/01/2029 Common Stock 2,500 D
Performance-based Restricted Stock Unit ( 3 ) ( 4 ) ( 4 ) Common Stock 2,000 D
Option $ 375.85 ( 1 ) 06/01/2030 Common Stock 2,500 D
Option $ 432.12 ( 1 ) 12/01/2030 Common Stock 2,500 D
Performance-based Restricted Stock Unit ( 3 ) ( 5 ) ( 5 ) Common Stock 471 D
Performance-based Restricted Stock Unit ( 3 ) ( 6 ) ( 6 ) Common Stock 2,350 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Puckett Jeffrey David
5101 TENNYSON PARKWAY
PLANO, TX75024
Chief Operating Officer
Signatures
Randall G. Ray, attorney-in-fact 05/21/2021
Signature of Reporting Person Date
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.

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