4/A: Tyler Technologies Executive Chair Amends Form 4 to Correct Share Sale and Ownership Details

John S. Marr Jr., Executive Chair of Tyler Technologies, files an amended Form 4 to correct errors in a previous report regarding share sales and beneficial ownership.

Summary

• John S. Marr Jr., Executive Chair of Tyler Technologies, filed an amendment to a Form 4 to correct inaccuracies in a previous filing.
• The original report incorrectly stated the number of shares sold on November 19, 2015, as 20,500 instead of the actual 20,000 shares.
• Consequently, the number of shares beneficially owned was initially reported as 420,917, which has been corrected to 421,417.
• The amendment also clarifies the nature of indirect ownership, particularly regarding shares held in a partnership.
• A subsequent sale of 7,500 shares by the partnership on November 20, 2015, was also included in the amended report.
• As of the amended report's filing date, Mr. Marr's total beneficial ownership is 23,871 shares, including direct and indirect holdings through trusts and the partnership.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction of errors is a positive sign for transparency.

Negatives

• The original Form 4 contained errors regarding the number of shares sold and beneficially owned.
• There were inaccuracies in reporting the nature of indirect ownership, particularly concerning shares held in a partnership.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Amendment, Beneficial Ownership, Share Sale, Tyler Technologies, TYL, John S. Marr Jr., Executive Chair