SEC Form 4 · accession 0001179110-16-032450
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine Lillian Powell
Officer — SVP, General Counsel & CCO
Period of report
Dec 3, 2016
Accepted (ET)
Dec 6, 2016 · 3:22 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, 2016 | M | 124 | $0.00 | A | 778 | D | |
| Common StockF2 | Dec 3, 2016 | F | 42 | $53.75 | D | 736 | D | |
| Common StockF1 | Dec 4, 2016 | M | 169 | $0.00 | A | 905 | D | |
| Common StockF2 | Dec 4, 2016 | F | 57 | $53.75 | D | 848 | 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 UnitsF3,F4 | — | Dec 3, 2016 | M | 124 | D | Dec 3, 2015 | — | Common Stock | 124 | 124 | D |
| Employee Restricted Stock UnitF3,F5 | — | Dec 4, 2016 | M | 169 | D | Dec 4, 2014 | — | Common Stock | 169 | 0 | D |
Explanation of responses
- F1Shares acquired on vesting of restricted stock unites ("RSUs").
- F2Shares withheld for payment of tax liability.
- F3Each RSU represents the right to receive, following vesting, one share of MTS common stock.
- F4The RSUs vest in three equal annual installments commencing on December 3, 2015
- F5The RSUs vest in three equal annual installments commencing on December 4, 2014.