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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 3/15/20 |
Issuer: |
| Issuer CIK: 68709 |
| Issuer Name: MTS SYSTEMS CORP |
| Issuer Trading Symbol: MTSC |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1695596 |
| | Owner Name: Harrison Steven B |
| Reporting Owner Address: |
| | Owner Street 1: 14000 TECHNOLOGY DRIVE |
| | Owner Street 2: |
| | Owner City: EDEN PRAIRIE |
| | Owner State: MN |
| | Owner ZIP Code: 55344 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP & Pres. Test & Simulation |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/15/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1986 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 25,655.8164 |
| Footnote ID: F1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 46.25 |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 4/17/24 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,543 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,543 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 52.30 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 4/17/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 5,040 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,040 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 48.80 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 12/5/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,952 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,952 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 46.545 |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Value: 12/4/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 11,302 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 11,302 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 25.17 |
| | Transaction Date: |
| | | Value: 3/15/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,521 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 12/4/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,521 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,521 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
Footnotes: |
| Footnote - F1: Includes (i) 360 restricted stock units that vest on 4/15/20; (ii) 315 restricted stock units that vest on 4/17/20; (iii) 717 restricted stock units that vest as to 359 shares on 4/17/20 and as to 358 shares on 4/17/21; (iv) 854 restricted stock units that vest as to 427 shares on each of 12/5/20 and 12/5/21; (v) 12,485 restricted stock units that vest as to 4,162 shares on each of 7/15/20 and 7/15/21 and as to 4,161 shares on 7/15/22; (vi) 2,686 restricted stock units that vest as to 896 shares on 12/4/20 and as to 895 shares on each of 12/4/21 and 12/4/22; and (vii) 1,986 restricted stock units that vest as to 662 shares on each of 12/4/20, 12/4/21 and 12/4/22. |
| Footnote - F2: Options to purchase 1,514 shares vest on 4/17/20. |
| Footnote - F3: Options to purchase 1,680 shares vest on each of 4/17/20 and 4/17/21. |
| Footnote - F4: Options to purchase 1,651 shares vest on 12/5/20 and options to purchase 1,650 shares vest on 12/5/21. |
| Footnote - F5: Options to purchase 3,768 shares vest on 12/4/20 and options to purchase 3,767 shares vest on each of 12/4/21 and 12/4/22. |
| Footnote - F6: Options to purchase 1,507 shares vest on each of 12/4/20, 12/4/21 and 12/4/22. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Amanda Lorentz as attorney-in-fact for Steven B. Harrison pursuant to Power of Attorney previously filed |
| Signature Date: 3/17/20 |