SEC Form 4 · accession 0000914190-19-000042
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hore
Officer — President, Sensors
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 5:40 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 | Feb 15, 2019 | F | 269 | $53.07 | D | 30,404 | 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 | $46.25 | holding | — | — | — | — | Apr 17, 2024 | Common Stock | 7,139 | 7,139 | D |
| Stock Option (right to buy)F5 | $52.30 | holding | — | — | — | — | Apr 17, 2025 | Common Stock | 5,040 | 5,040 | D |
| Stock Option (right to buy)F6 | $48.80 | holding | — | — | — | — | Dec 5, 2025 | Common Stock | 5,448 | 5,448 | D |
Explanation of responses
- F1Represents shares withheld for payment of tax liability.
- F2Includes (i) 1,861 restricted stock units ("RSUs") that vest on 8/15/19; (ii) 990 RSUs that vest as to 495 RSUs on each of 4/17/19 and 4/17/20; (iii) 1,366 RSUs that vest as to 683 RSUs on each of 2/15/20 and 2/15/21; (iv) 1,076 RSUs that vest as to 359 RSUs on each of 4/17/19 and 4/17/20 and as to 358 RSUs on 4/17/21; and (v) 1,409 RSUs that vest as to 470 RSUs on each of 12/5/19 and 12/5/20 and as to 469 RSUs on 12/5/21. Upon vesting, RSUs settle on a one-for-one basis in shares of MTS Systems Corporation common stock.
- F3Includes 266.3266 shares acquired through the MTS Systems Corporation dividend reinvestment plan.
- F4Options to purchase 2,380 shares vest on each of 4/17/18 and 4/17/19 and options to purchase 2,379 shares vest on 4/17/20.
- F5Options to purchase 1,680 shares vest on each of 4/17/19, 4/17/20 and 4/17/21.
- F6Options to purchase 1,816 shares vest on each of 12/5/19, 12/5/20 and 12/5/21.