Klemmensen Todd 4
4 · MTS SYSTEMS CORP · Filed Apr 8, 2021
Insider Transaction Report
Form 4
MTS SYSTEMS CORPMTSC
Klemmensen Todd
Sr. VP, Gen. Counsel and Sec.
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2021-04-07−8,024→ 0 totalExercise: $46.55Exp: 2026-12-04→ Common Stock (8,024 underlying) - Disposition to Issuer
Common Stock
2021-04-07$58.50/sh−5,651$330,584→ 4,133 total - Disposition to Issuer
Stock Option (right to buy)
2021-04-07−5,943→ 0 totalExercise: $48.80Exp: 2025-12-05→ Common Stock (5,943 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-04-07−3,244→ 0 totalExercise: $52.30Exp: 2025-04-17→ Common Stock (3,244 underlying) - Disposition to Issuer
Common Stock
2021-04-07$58.50/sh−4,133$241,781→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2021-04-07−3,167→ 0 totalExercise: $46.25Exp: 2024-04-17→ Common Stock (3,167 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger among Amphenol Corporation, Moon Merger Sub Corporation and the Company (the "Merger Agreement"), each unvested restricted stock unit became fully vested immediately prior to the effective time of the merger. Restricted stock units were then cancelled as of the effective time of the merger in exchange for the right to receive a cash payment equal to $58.50 multiplied by the number of shares subject to such restricted stock unit award, less any required withholding of taxes.
- [F2]Cancelled pursuant to the Merger Agreement in exchange for the right to receive a cash payment equal to $58.50 multiplied by the number of shares, less any required withholding of taxes.
- [F3]Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the effective time of the merger. Each stock option that was outstanding and unexercised as of the effective time of the merger and had an exercise price per share that was less than $58.50 was then cancelled and converted into the right to receive a cash payment equal to $58.50 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.