SEC Form 4 · accession 0001179110-16-032451

MTS SYSTEMS CORP · MTSC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President-Test

Period of report

Dec 3, 2016

Accepted (ET)

Dec 6, 2016 · 3:25 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
Common Stock^F1	Dec 3, 2016	M	642	$0.00	A	4,009	D
Common Stock^F2	Dec 3, 2016	F	216	$53.75	D	3,793	D
Common Stock^F3	Dec 4, 2016	M	629	$0.00	A	4,422	D
Common Stock^F2	Dec 4, 2016	F	212	$53.75	D	4,210	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Restricted Stock Units^F4,F5	—	Dec 3, 2016	M	642	D	Dec 3, 2016	—	Common Stock	642	0	D
Employee Restricted Stock Unit^F6,F7	—	Dec 4, 2016	M	629	D	Dec 4, 2014	—	Common Stock	629	0	D

F1Shares acquired on vesting of performance restricted stock units ("PRSUs").
F2Shares withheld for payment of tax liability
F3Shares acquired on vesting of restricted stock units ("RSUs").
F4Each PRSU represents the right to receive, following vesting, one share of MTS common stock. The resulting number of shares of MTS common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation and Leadership and Development Committee, over a two-year performance period beginning on December 3, 2014 and ending on the two year anniversary of the date of grant.
F5As a result of the below target performance against the specific performance goal, 642 of the 684 PRSUs originally granted vested and were settled in an equal number of shares of MTS common stock. The remaining 42 PRSUs were forfeited.
F6Each RSU represents the right to receive, following vesting, one share of MTS common stock.
F7The RSUs vest in three equal annual installments commencing on December 4, 2014.