SEC Form 4 · accession 0001179110-15-015901
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Bachrach
Officer — SVP Test Division
Period of report
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 3:41 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 SockF1 | Dec 3, 2015 | A | 656 | — | A | 2,498 | D | |
| Common Stock | Dec 3, 2015 | F | 214 | $59.09 | A | 2,284 | 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 | 685 | D | — | — | Common Stock | 685 | 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, 656 of the 685 performance RSUs originally granted became vested and were settled in an equal number of shares; the remaining 29 performance RSUs were forfeited.