SEC Form 4 · accession 0000914190-18-000003
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian T Ross
Officer — Sr. VP & CFO
Period of report
Jan 15, 2018
Accepted (ET)
Jan 17, 2018 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000068709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 15, 2018 | M | 144 | — | A | 3,044 | D | |
| Common StockF3,F4 | Jan 15, 2018 | F | 57 | $54.45 | D | 2,987 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F5 | — | Jan 15, 2018 | M | 144 | D | — | — | Common Stock | 144 | 0 | D |
| Stock Option (right to buy)F6 | $71.52 | holding | — | — | — | — | Jan 15, 2022 | Common Stock | 1,898 | 1,898 | D |
| Stock Option (right to buy)F7 | $61.74 | holding | — | — | — | — | Dec 9, 2022 | Common Stock | 4,425 | 4,425 | D |
| Stock Option (right to buy)F8 | $46.25 | holding | — | — | — | — | Apr 17, 2024 | Common Stock | 4,673 | 4,673 | D |
| Stock Option (right to buy)F9 | $52.65 | holding | — | — | — | — | May 15, 2024 | Common Stock | 4,367 | 4,367 | D |
Explanation of responses
- F1Represents shares acquired upon vesting of restricted stock units.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The reporting person has elected to satisfy his withholding obligation in connection with the vesting of previously reported restricted stock units by directing the Company to withhold shares otherwise issuable pursuant to the previously-reported grant.
- F4Includes (i) 243 restricted stock units that vest on 12/9/18; (ii) 290 restricted stock units that vest 145 shares on each of 7/15/18 and 7/15/19; (iii) 973 restricted stock units that vest 325 shares on 4/17/18 and 324 shares on each of 4/17/19 and 4/17/20; and (iv) 799 restricted stock units that vest 267 shares on 5/15/18 and 266 shares on each of 5/15/19 and 5/15/20. All restricted stock units were previously reported on Table II.
- F5On January 15, 2015, the reporting person was granted 433 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F6Fully exercisable.
- F7Options to purchase 1,475 shares vest on each of 12/9/16, 12/9/17 and 12/9/18.
- F8Options to purchase 1,557 shares vest on 4/17/18 and options to purchase 1,558 shares vest on each of 4/17/19 and 4/17/20.
- F9Options to purchase 1,456 shares vest on each of 5/15/18 and 5/15/19 and options to purchase 1,455 shares vest on 5/15/20.