SEC Form 4 · accession 0001179110-16-018945
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gail P Steinel
Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 10:53 am 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 | Feb 9, 2016 | M | 1,342 | — | A | 10,732 | D | |
| Common StockF2 | Feb 9, 2016 | A | 1,861 | $51.05 | A | 12,593 | 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 UnitsF3,F4 | — | Feb 9, 2016 | M | 1,342 | A | — | — | Common Stock | 1,342 | 0 | D |
Explanation of responses
- F1Upon the vesting of 1,342 restricted stock units, the reporting person deferred the receipt of an equal number of common shares and received instead 1,342 phantom shares which may be settled in an equal number of common shares in a lump sum distribution on April 1, 2017.
- F2Amount shown is the number of restricted stock units that may only be settled on a 1 for 1 basis in shares of common stock.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4The restricted stock units vested on the date of the issuer's 2016 annual meeting of the shareholders.