Statement of Changes in Beneficial Ownership (4)
December 28 2020 - 6:56PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Harrison Steven B |
2. Issuer Name and Ticker or Trading Symbol
MTS SYSTEMS CORP
[
MTSC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Pres. Test & Simulation |
(Last)
(First)
(Middle)
14000 TECHNOLOGY DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/22/2020 |
(Street)
EDEN PRAIRIE, MN 55344
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/22/2020 | | A | | 5979 | A | $0 | 31199.8672 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $46.25 | | | | | | | (2) | 4/17/2024 | Common Stock | 4543 | | 4543 | D | |
Stock Option (right to buy) | $52.30 | | | | | | | (3) | 4/17/2025 | Common Stock | 5040 | | 5040 | D | |
Stock Option (right to buy) | $48.80 | | | | | | | (4) | 12/5/2025 | Common Stock | 4952 | | 4952 | D | |
Stock Option (right to buy) | $46.545 | | | | | | | (5) | 12/4/2026 | Common Stock | 11302 | | 11302 | D | |
Stock Option (right to buy) | $25.17 | | | | | | | (6) | 12/4/2026 | Common Stock | 4521 | | 4521 | D | |
Explanation of Responses: |
(1) | Includes (i) 358 restricted stock units that vest on 4/17/21; (ii) 427 restricted stock units that vest on 12/5/21; (iii) 8,323 restricted stock units that vest as to 4,162 shares on 7/15/21 and as to 4,161 shares on 7/15/22; (iv) 1,790 restricted stock units that vest as to 895 shares on each of 12/4/21 and 12/4/22; (v) 1,324 restricted stock units that vest as to 662 shares on each of 12/4/21 and 12/4/22; and (ii) 5,979 restricted stock units that vest as to 1,993 shares on each of 12/22/21, 12/22/22 and 12/22/23. |
(2) | Fully exercisable. |
(3) | Options to purchase 1,680 shares vest on 4/17/21. |
(4) | Options to purchase 1,650 shares vest on 12/5/21. |
(5) | Options to purchase 3,767 shares vest on each of 12/4/21 and 12/4/22. |
(6) | Options to purchase 1,507 shares vest on each of 12/4/21 and 12/4/22. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Harrison Steven B 14000 TECHNOLOGY DRIVE EDEN PRAIRIE, MN 55344 |
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| EVP & Pres. Test & Simulation |
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Signatures
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/s/ Amanda Lorentz as attorney-in-fact for Steven B. Harrison pursuant to Power of Attorney previously filed | | 12/28/2020 |
**Signature of Reporting Person | Date |
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