SEC Form 4 · accession 0001179110-15-015899
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
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 3:40 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 | Dec 3, 2015 | A | 2,555 | — | A | 16,940 | D | |
| Common Stock | Dec 3, 2015 | F | 859 | $59.09 | D | 16,081 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitF2,F3 | — | Dec 3, 2015 | D | 2,670 | D | — | — | Common Stock | 2,670 | 0 | D |
Explanation of responses
- F1Each Performance Restricted Stock Unit was the economic equivalent of one share of the issuers common stock. The Performance Restricted Stock Units were settled for an equal number of shares of the issuers common stock.
- F2Each Performance Restricted Stock Unit represents the contingent right to receive one share of common stock.
- F3As a result of below target performance against the specified performance goal, 2,555 of the 2,670 performance RSUs originally granted vested and were settled in an equal number of shares; the remaining 115 performance RSUs were forfeited.