Sec Form 4 Filing - Harrison Steven B @ MTS SYSTEMS CORP - 2020-12-15

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
The following is an SEC EDGAR document rendered as filed.
Here is the list of insider trading transaction codes.

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person *
Harrison Steven B
2. Issuer Name and Ticker or Trading Symbol
MTS SYSTEMS CORP [ MTSC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & Pres. Test & Simulation
(Last)
(First)
(Middle)
14000 TECHNOLOGY DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
12/15/2020
(Street)
EDEN PRAIRIE, MN55344
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/15/2020 A 1,653 ( 1 ) A $ 0 25,726.8672 ( 2 ) ( 3 ) D
Common Stock 12/15/2020 F 506 ( 4 ) D $ 58.39 25,220.8672 ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 46.25 ( 5 ) 04/17/2024 Common Stock 4,543 4,543 D
Stock Option (right to buy) $ 52.3 ( 6 ) 04/17/2025 Common Stock 5,040 5,040 D
Stock Option (right to buy) $ 48.8 ( 7 ) 12/05/2025 Common Stock 4,952 4,952 D
Stock Option (right to buy) $ 46.545 ( 8 ) 12/04/2026 Common Stock 11,302 11,302 D
Stock Option (right to buy) $ 25.17 ( 9 ) 12/04/2026 Common Stock 4,521 4,521 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Harrison Steven B
14000 TECHNOLOGY DRIVE
EDEN PRAIRIE, MN55344
EVP & Pres. Test & Simulation
Signatures
/s/ Amanda Lorentz as attorney-in-fact for Steven B. Harrison pursuant to Power of Attorney previously filed 12/17/2020
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares acquired upon vesting of performance restricted stock units ("PRSUs"). Each PRSU represented 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 was contingent upon the achievement of pre-established performance metrics, as approved by MTS's Compensation and Leadership Development Committee, over a three-year performance period ending with fiscal year 2020.
( 2 )Includes 520.5080 shares purchased on 6/30/20 pursuant to the MTS Employee Stock Purchase Plan.
( 3 )Includes (i) 358 restricted stock units that vest on 4/17/21; (ii) 427 restricted stock units that vest on 12/5/21; (iii) 8,323 restricted stock units that vest as to 4,162 shares on 7/15/21 and as to 4,161 shares on 7/15/22; (iv) 1,790 restricted stock units that vest as to 895 shares on each of 12/4/21 and 12/4/22; and (v) 1,324 restricted stock units that vest as to 662 shares on each of 12/4/21 and 12/4/22.
( 4 )Represents shares withheld for payment of tax liability.
( 5 )Fully exercisable.
( 6 )Options to purchase 1,680 shares vest on 4/17/21.
( 7 )Options to purchase 1,650 shares vest on 12/5/21.
( 8 )Options to purchase 3,767 shares vest on each of 12/4/21 and 12/4/22.
( 9 )Options to purchase 1,507 shares vest on each of 12/4/21 and 12/4/22.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.