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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 4/17/20 |
Issuer: |
| Issuer CIK: 68709 |
| Issuer Name: MTS SYSTEMS CORP |
| Issuer Trading Symbol: MTSC |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1749082 |
| | Owner Name: Klemmensen Todd |
| 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: SVP, GC and Corp. Sec. |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/17/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 162 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 18.36 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,333 |
| Footnote ID: F2 |
| | 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: 64.90 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 12/4/20 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,673 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,673 |
| | 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: 66.98 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 12/3/21 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,072 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,072 |
| | 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: 61.74 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 12/9/22 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,601 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,601 |
| | 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: 46.25 |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 4/17/24 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,167 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,167 |
| | 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: F4 |
| | Expiration Date: |
| | | Value: 4/17/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,244 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,244 |
| | 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: F5 |
| | Expiration Date: |
| | | Value: 12/5/25 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 5,943 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,943 |
| | 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: F6 |
| | Expiration Date: |
| | | Value: 12/4/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 8,024 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,024 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
Footnotes: |
| Footnote - F1: Represents shares withheld for payment of tax liability. |
| Footnote - F2: Includes (i) 138 restricted stock units that vest on 8/15/20; (ii) 230 restricted stock units that vest on 4/17/21; (iii) 1,213 restricted stock units that vest as to 607 shares on 9/15/20 and as to 606 shares on 9/15/21; and (iv) 1,024 restricted stock units that vest as to 512 shares on each of 12/5/20 and 12/5/21. |
| Footnote - F3: Fully exercisable. |
| Footnote - F4: Options to purchase 1,081 shares vest on 4/17/21. |
| Footnote - F5: Options to purchase 1,981 shares vest on each of 12/5/20 and 12/5/21. |
| Footnote - F6: Options to purchase 2,675 shares vest on each of 12/4/20 and 12/4/21 and options to purchase 2,674 shares vest on 12/4/22. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Amanda Lorentz as attorney-in-fact for Todd Klemmensen pursuant to Power of Attorney previously filed. |
| Signature Date: 4/21/20 |