Form Type: 4

SEC EDGAR Link
Accession Number:0000914190-19-000485
Date:2019-12-04
Issuer: MTS SYSTEMS CORP (MTSC)
Original Submission Date:

Reporting Person:

GRAVES JEFFREY A
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 11,505 a $0.00 84,662 direct
COMMON STOCK 2019-12-15 A 9,099 a $0.00 93,761 direct
COMMON STOCK 2019-12-15 F 4,150 d $46.69 89,611 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 48,418 (a) 2026-12-04 common stock 48,418 $46.55 48,418 direct
STOCK OPTION (RIGHT TO BUY) 64.9 2019-12-04 deemed execution date 0 ( ) 2020-12-04 common stock 68,241 $64.90 68,241 direct
STOCK OPTION (RIGHT TO BUY) 66.98 2019-12-04 deemed execution date 0 ( ) 2021-12-03 common stock 32,854 $66.98 32,854 direct
STOCK OPTION (RIGHT TO BUY) 61.74 2019-12-04 deemed execution date 0 ( ) 2022-12-09 common stock 61,455 $61.74 61,455 direct
STOCK OPTION (RIGHT TO BUY) 46.25 2019-12-04 deemed execution date 0 ( ) 2024-04-17 common stock 38,941 $46.25 38,941 direct
STOCK OPTION (RIGHT TO BUY) 52.3 2019-12-04 deemed execution date 0 ( ) 2025-04-17 common stock 38,934 $52.30 38,934 direct
STOCK OPTION (RIGHT TO BUY) 48.8 2019-12-04 deemed execution date 0 ( ) 2025-12-05 common stock 36,886 $48.80 36,886 direct
Footnotes
IDfootnote
f1 includes (i) 2,702 restricted stock units that vest on 4/17/20; (ii) 5,538 restricted stock units that vest as to 2,769 shares on each of 4/17/20 and 4/17/21; (iii) 6,359 restricted stock units that vest as to 3,180 shares on 12/5/20 and as to 3,179 shares on 12/5/21; and (iv) 11,505 restricted stock units that vest as to 3,835 shares on each of 12/4/20, 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 fully exercisable.
f5 options to purchase 12,980 shares vest on 4/17/20.
f6 options to purchase 12,978 shares vest on each of 4/17/20 and 4/17/21.
f7 options to purchase 12,295 shares vest on each of 12/5/20 and 12/5/21.
f8 options to purchase 16,140 shares vest on 12/4/20 and options to purchase 16,139 shares vest on each of 12/4/21 and 12/4/22.
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