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