Form Type: 4

SEC EDGAR Link
Accession Number:0000914190-19-000482
Date:2019-12-04
Issuer: MTS SYSTEMS CORP (MTSC)
Original Submission Date:

Reporting Person:

HORE DAVID
14000 TECHNOLOGY DRIVE
EDEN PRAIRIE, MN 55344

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-12-04 A 2,686 a $0.00 43,223 direct
COMMON STOCK 2019-12-15 A 1,668 a $0.00 44,891 direct
COMMON STOCK 2019-12-15 F 567 d $46.69 44,324 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 46.545 2019-12-04 deemed execution date A 11,302 (a) 2026-12-04 common stock 11,302 $46.55 11,302 direct
STOCK OPTION (RIGHT TO BUY) 46.25 2019-12-04 deemed execution date 0 ( ) 2024-04-17 common stock 7,139 $46.25 7,139 direct
STOCK OPTION (RIGHT TO BUY) 52.3 2019-12-04 deemed execution date 0 ( ) 2025-04-17 common stock 5,040 $52.30 5,040 direct
STOCK OPTION (RIGHT TO BUY) 48.8 2019-12-04 deemed execution date 0 ( ) 2025-12-05 common stock 5,448 $48.80 5,448 direct
Footnotes
IDfootnote
f1 includes (i) 495 restricted stock units that vest on 4/17/20; (ii) 1,366 restricted stock units that vest as to 683 shares on each of 2/15/20 and 2/15/21; (iii) 717 restricted stock units that vest as to 359 shares on 4/17/20 and as to 358 shares on 4/17/21; (iv) 939 restricted stock units that vest as to 470 shares on 12/5/20 and as to 469 shares on 12/5/21; and (v) 2,686 restricted stock units that vest as to 896 shares on 12/4/20 and as to 895 shares on each of 12/4/21 and 12/4/22.
f2 shares acquired upon vesting of performance restricted stock units ("prsus"). each prsu represented 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 was contingent upon the achievement of pre-established performance metrics, as approved by mts's compensation and leadership development committee, over a three-year performance period ending with fiscal year 2019.
f3 represents shares withheld for payment of tax liability.
f4 options to purchase 2,379 shares vest on 4/17/20.
f5 options to purchase 1,680 shares vest on 4/17/20 and 4/17/21.
f6 options to purchase 1,816 shares vest on each of 12/5/20 and 12/5/21.
f7 options to purchase 3,768 shares vest on 12/4/20 and options to purchase 3,767 shares vest on each of 12/4/21 and 12/4/22.
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