SEC Form 4 · accession 0001113256-16-000110
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivor J Evans
Director
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 2:40 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 | 587,578 | $0.00 | A | 662,413 | D | |
| Common StockF2 | Dec 1, 2016 | D | 87,578 | $0.00 | D | 574,835 | D | |
| Common StockF4,F5 | Dec 2, 2016 | S | 238,077 | $12.4432 | D | 336,758 | 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 UnitsF1 | $0.00 | Dec 1, 2016 | M | 587,578 | D | — | — | Common Stock | 587,578 | 0 | D |
Explanation of responses
- F1Reflects vesting on December 1, 2016 of 587,578 Restricted Share Units ("RSUs").
- F2Settlement in cash of RSUs that vested upon satisfaction of the performance criteria and service criteria applicable thereto.
- F3The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of 500,000 RSUs.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.23 to $12.70, 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.
- F5Includes 8,823 shares of Restricted Shares held by the Company to implement restrictions on transfer unless and until certain conditions are met.