SEC Form 4 · accession 0001179110-17-006089
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
Apr 17, 2017
Accepted (ET)
Apr 19, 2017 · 11:23 am 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 17, 2017 | A | 487 | $0.00 | A | 1,375 | D | |
| Common Stock | Apr 17, 2017 | F | 190 | $46.25 | D | 1,185 | 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 17, 2017 | A | 486 | A | — | — | Common Stock | 486 | 486 | D |
| Employee Restricted Stock UnitF3,F5 | — | Apr 17, 2017 | A | 946 | A | — | — | Common Stock | 946 | 946 | D |
| Employee Stock Option - Right to BuyF6 | $46.25 | Apr 17, 2017 | A | 4,543 | A | — | Apr 17, 2024 | Common Stock | 4,543 | 4,543 | D |
Explanation of responses
- F1Shares issued in settlement of a restricted stock award that was 50% vested on its 4/17/17 date of grant.
- F2Includes 40.4812 shares acquired on December 31, 2016 pursuant to the Employee Stock Purchase Plan.
- F3Each Restricted Stock Unit represents the contingent right to receive one share of MTS common stock.
- F4These restricted stock units, which represent the portion of an award that was not vested on the 4/17/17 date of grant, will vest on 4/17/18 and be settled at that time in an equal number of shares of MTS common stock.
- F5These restricted stock units vest in three equal annual installments beginning on April 17, 2018 and will be settled in an equal number of shares on each vesting date.
- F6The Stock Options vest in three equal annual installments beginning on April 17, 2018.