MTS SYSTEMS CORP 4
4 · MTS SYSTEMS CORP · Filed Feb 11, 2016
Insider Transaction Report
Form 4
MTS SYSTEMS CORPMTSC
Steinel Gail P
Director
Transactions
- Exercise/Conversion
Common Stock
2016-02-09+1,342→ 10,732 total - Award
Common Stock
2016-02-09$51.05/sh+1,861$95,004→ 12,593 total - Exercise/Conversion
Restricted Stock Units
2016-02-09+1,342→ 0 total→ Common Stock (1,342 underlying)
Footnotes (4)
- [F1]Upon the vesting of 1,342 restricted stock units, the reporting person deferred the receipt of an equal number of common shares and received instead 1,342 phantom shares which may be settled in an equal number of common shares in a lump sum distribution on April 1, 2017.
- [F2]Amount shown is the number of restricted stock units that may only be settled on a 1 for 1 basis in shares of common stock.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]The restricted stock units vested on the date of the issuer's 2016 annual meeting of the shareholders.