Jon Bourne - 30 Apr 2021 Form 4/A - Amendment Insider Report for GTY Technology Holdings Inc. (GTYH)

Role: EVP AND GENERAL COUNSEL
Signature: /s/ Jon Bourne
Issuer symbol: GTYH
Transactions as of: 30 Apr 2021
Transactions value $: $0
Form type: 4/A - Amendment
Filing time: 17 May 2021, 16:32:52 UTC
Date Of Original Report: 04 May 2021
Next filing: 07 Jul 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GTYH	Restricted Stock Units	Other	$0	-15,000	-41.9%	$0.000000	20,782	30 Apr 2021	Common Stock	15,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit would have represented a contingent right to receive one share of the issuer's common stock. If the reporting person were to have remained employed with the issuer at such time, the restricted stock units would have vested in three substantially equal installments on February 19, 2022, February 19, 2023 and February 19, 2024. The restricted stock units could have been settled in shares of the issuer's common stock or cash.
F2	On May 4, 2021, the reporting person filed a Form 4 based on the understanding that an additional 15,000 restricted stock units had been granted. Subsequent communications made clear, however, that a misunderstanding had occurred and those additional restricted stock units had not in fact been granted. This amended Form 4, accordingly, is being filed to correct the prior Form 4 and reflect the absence of any such additional grant.

Content

Each restricted stock unit would have represented a contingent right to receive one share of the issuer's common stock. If the reporting person were to have remained employed with the issuer at such time, the restricted stock units would have vested in three substantially equal installments on February 19, 2022, February 19, 2023 and February 19, 2024. The restricted stock units could have been settled in shares of the issuer's common stock or cash.

On May 4, 2021, the reporting person filed a Form 4 based on the understanding that an additional 15,000 restricted stock units had been granted. Subsequent communications made clear, however, that a misunderstanding had occurred and those additional restricted stock units had not in fact been granted. This amended Form 4, accordingly, is being filed to correct the prior Form 4 and reflect the absence of any such additional grant.