0001179110-16-032452.txt : 20161206
0001179110-16-032452.hdr.sgml : 20161206
20161206152718
ACCESSION NUMBER: 0001179110-16-032452
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: GRAVES JEFFREY A
CENTRAL INDEX KEY: 0001251036
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-02382
FILM NUMBER: 162036209
MAIL ADDRESS:
STREET 1: C/O C&D TECHNOLOGIES, INC.
STREET 2: 1400 UNION MEETING RD
CITY: BLUE BELL
STATE: PA
ZIP: 19422
4
1
edgar.xml
FORM 4 -
X0306
4
2016-12-03
0
0000068709
MTS SYSTEMS CORP
MTSC
0001251036
GRAVES JEFFREY A
14000 TECHNOLOGY DRIVE
EDEN PRAIRIE
MN
55344
1
1
0
0
President and CEO
Common Stock
2016-12-03
4
M
0
2508
0
A
21487.6466
D
Common Stock
2016-12-03
4
F
0
843
53.75
D
20644.6466
D
Common Stock
2016-12-04
4
M
0
3487
0
A
24131.6466
D
Common Stock
2016-12-04
4
F
0
1172
53.75
D
22959.6466
D
Performance Restricted Stock Unit
2016-12-03
4
M
0
2670
0
D
2016-12-03
Common Stock
2508
0
D
Employee Restricted Stock Unit
2016-12-04
4
M
0
3487
0
D
2014-12-04
Common Stock
3487
0
D
Shares acquired on vesting of performance restricted stock units ("PRSUs").
Includes 261.6466 shares acquired on June 30, 2016 pursuant to the Employee Stock Purchase Plan.
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, 2,508 of the 2,670 PRSUs originally granted vested and were settled in an equal number of shares of MTS common stock. The remaining 162 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.
sCatherine Powell, Attorney-in-Fact
2016-12-06