0001179110-16-032451.txt : 20161206
0001179110-16-032451.hdr.sgml : 20161206
20161206152512
ACCESSION NUMBER: 0001179110-16-032451
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161203
FILED AS OF DATE: 20161206
DATE AS OF CHANGE: 20161206
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MTS SYSTEMS CORP
CENTRAL INDEX KEY: 0000068709
STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829]
IRS NUMBER: 410908057
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1001
BUSINESS ADDRESS:
STREET 1: 14000 TECHNOLOGY DR
CITY: EDEN PRAIRIE
STATE: MN
ZIP: 55344-2290
BUSINESS PHONE: 6129374000
MAIL ADDRESS:
STREET 1: 14000 TECHNOLOGY DR
CITY: EDEN PRAIRIE
STATE: MN
ZIP: 55344
FORMER COMPANY:
FORMER CONFORMED NAME: RESEARCH INC
DATE OF NAME CHANGE: 19670216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BACHRACH WILLIAM E
CENTRAL INDEX KEY: 0001251035
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-02382
FILM NUMBER: 162036200
MAIL ADDRESS:
STREET 1: 11 CABOT BOULEVARD
CITY: MANSFIELD
STATE: MA
ZIP: 02048
4
1
edgar.xml
FORM 4 -
X0306
4
2016-12-03
0
0000068709
MTS SYSTEMS CORP
MTSC
0001251035
BACHRACH WILLIAM E
14000 TECHNOLOGY DRIVE
EDEN PRAIRIE
MN
55344
0
1
0
0
President-Test
Common Stock
2016-12-03
4
M
0
642
0
A
4008.8193
D
Common Stock
2016-12-03
4
F
0
216
53.75
D
3792.8193
D
Common Stock
2016-12-04
4
M
0
629
0
A
4421.8193
D
Common Stock
2016-12-04
4
F
0
212
53.75
D
4209.8193
D
Performance Restricted Stock Units
2016-12-03
4
M
0
642
0
D
2016-12-03
Common Stock
642
0
D
Employee Restricted Stock Unit
2016-12-04
4
M
0
629
0
D
2014-12-04
Common Stock
629
0
D
Shares acquired on vesting of performance restricted stock units ("PRSUs").
Shares withheld for payment of tax liability
Shares acquired on vesting of restricted stock units ("RSUs").
Each PRSU represents 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 is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation and Leadership and Development Committee, over a two-year performance period beginning on December 3, 2014 and ending on the two year anniversary of the date of grant.
As a result of the below target performance against the specific performance goal, 642 of the 684 PRSUs originally granted vested and were settled in an equal number of shares of MTS common stock. The remaining 42 PRSUs were forfeited.
Each RSU represents the right to receive, following vesting, one share of MTS common stock.
The RSUs vest in three equal annual installments commencing on December 4, 2014.
/s/Catherine Powell, Attorney-in-Fact
2016-12-06