SEC Form 4 · accession 0000914190-18-000501
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Graves
Officer — President and CEO · Director
Period of report
Nov 28, 2018
Accepted (ET)
Nov 29, 2018 · 4:31 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,F3 | Nov 28, 2018 | P | 2,000 | $45.98 | A | 53,692 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $64.90 | holding | — | — | — | — | Dec 4, 2020 | Common Stock | 68,241 | 68,241 | D |
| Stock Option (right to buy)F4 | $66.98 | holding | — | — | — | — | Dec 3, 2021 | Common Stock | 32,854 | 32,854 | D |
| Stock Option (right to buy)F5 | $61.74 | holding | — | — | — | — | Dec 9, 2022 | Common Stock | 61,455 | 61,455 | D |
| Stock Option (right to buy)F6 | $46.25 | holding | — | — | — | — | Apr 17, 2024 | Common Stock | 38,941 | 38,941 | D |
| Stock Option (right to buy)F7 | $52.30 | holding | — | — | — | — | Apr 17, 2025 | Common Stock | 38,934 | 38,934 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $45.56 to $46.03 inclusive. The reporting person undertakes to provide MTS Systems Corporation ("MTS"), any security holder of MTS, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2Includes (i) 5,405 restricted stock units that vest as to 2,703 shares on 4/17/19 and as to 2,702 shares on 4/17/20; and (ii) 8,308 restricted stock units that vest as to 2,770 shares on 4/17/19 and as to 2,769 shares on each of 4/17/20 and 4/17/21.
- F3Includes 310.7009 shares purchased on 6/30/18 through the Company's Employee Stock Purchase Plan.
- F4Fully exercisable.
- F5Options to purchase 20,485 shares vest on each of 12/9/16, 12/9/17 and 12/9/18.
- F6Options to purchase 12,981 shares vest on 4/17/18 and options to purchase 12,980 shares vest on each of 4/17/19 and 4/17/20.
- F7Options to purchase 12,978 shares vest on each of 4/17/19, 4/17/20 and 4/17/21.