SEC Form 4 · accession 0001179110-16-023137
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
Apr 15, 2016
Accepted (ET)
Apr 18, 2016 · 2:06 pm EDT
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 | Apr 15, 2016 | M | 750 | — | A | 3,657 | D | |
| Common Stock | Apr 15, 2016 | F | 246 | $54.54 | D | 3,411 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Restricted Stock UnitF3,F4 | — | Apr 15, 2016 | M | 750 | A | — | — | Common Stock | 750 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit was the economic equivalent of one share of the issuers common stock. The Restricted Stock Units were settled for an equal number of shares of the issuers common stock.
- F2Includes 200.1187 shares acquired on December 31, 2015 pursuant to the Employee Stock Purchase Plan.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of common stock.
- F4The Restricted Stock Units vest in three equal installments beginning on April 15, 2014.