SEC Form 4 · accession 0001113256-16-000102
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Nowlan
Officer — SVP & CFO
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 2:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001113256
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2016 | M | 69,949 | $0.00 | A | 114,712 | D | |
| Common StockF3 | Dec 2, 2016 | S | 22,796 | $12.4458 | D | 91,916 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4 | $0.00 | Dec 1, 2016 | A | 30,227 | A | — | — | Common Stock | 30,227 | 30,227 | D |
| Restricted Share UnitsF1 | $0.00 | Dec 1, 2016 | M | 69,949 | D | — | — | Common Stock | 69,949 | 0 | D |
| Restricted Share UnitsF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 32,350 | 32,350 | D |
| Restricted Share UnitsF6 | $0.00 | holding | — | — | — | — | — | Common Stock | 15,284 | 15,284 | D |
| Restricted Share UnitsF7 | $0.00 | holding | — | — | — | — | — | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Reflects vesting on December 1, 2016 of 69,949 Restricted Share Units ("RSUs").
- F2The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of 69,949 RSUs.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.23 to $12.67, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F4Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2016. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- F5The date of grant of the RSUs was December 1, 2015. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, subject to the terms and conditions described in footnote 4 above.
- F6The date of grant of the RSUs was December 1, 2014. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, subject to the terms and conditions described in footnote 4 above.
- F7The date of grant of the RSUs was January 1, 2014. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, subject to the terms and conditions described in footnote 4 above.