SEC Form 4 · accession 0001179110-17-011617
MTS SYSTEMS CORP · MTSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hore
Officer — President, Sensors
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 4:03 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 | Aug 15, 2017 | M | 1,861 | $0.00 | A | 16,861 | D | |
| Common StockF2 | Aug 15, 2017 | F | 884 | $48.30 | D | 15,977 | 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 | — | Aug 15, 2017 | M | 1,861 | D | — | — | Common Stock | 1,861 | 3,722 | D |
Explanation of responses
- F1Shares acquired on vesting and settlement of restricted stock units ("RSUs").
- F2Shares withheld for payment of tax liability in a transaction exempt under Rule 16b-3(e).
- F3Each RSU represents the right to receive, following vesting, one share of MTS common stock.
- F4The Restricted Stock Units vest in three equal installments on August 15, 2017, 2018 and 2019.