SEC Form 4 · accession 0001113256-17-000146

MERITOR INC · MTOR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Chris Villavarayan

Officer — SVP & Pres., Americas

Period of report

Dec 1, 2017

Accepted (ET)

Dec 5, 2017 · 4:19 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 Stock^F1	Dec 1, 2017	M	9,148	$0.00	A	54,404	D
Common Stock^F1	Dec 1, 2017	M	21,004	$0.00	A	75,408	D
Common Stock^F3	Dec 4, 2017	S	14,053	$24.636	D	61,355	D
Common Stock^F4	holding	—	—		—	4,333	I	Meritor Savings Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Units^F1	$0.00	Dec 1, 2017	M	9,148	D	—	—	Common Stock	9,148	0	D
Restricted Share Units^F1	$0.00	Dec 1, 2017	M	21,004	D	—	—	Common Stock	21,004	0	D
Restricted Share Units^F5	$0.00	Dec 1, 2017	A	12,908	A	—	—	Common Stock	12,908	12,908	D
Restricted Share Units^F6	$0.00	holding	—	—	—	—	—	Common Stock	24,276	24,276	D
Restricted Share Units^F7	$0.00	holding	—	—	—	—	—	Common Stock	12,235	12,325	D
Restricted Share Units^F8	$0.00	holding	—	—	—	—	—	Common Stock	10,466	10,466	D
Common Stock Share Equivalents^F9	$0.00	holding	—	—	—	—	—	Common Stock	2,612	2,612	I

Explanation of responses

F1Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2017.
F2The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.28 to $25.32, 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.
F4Shares purchased periodically and held in the Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2017.
F5Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2017. 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.
F6The 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.
F7The date of grant of the RSUs was May 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.
F8The 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, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F9Between November 1, 2017 and December 1, 2017, the reporting person acquired 28 share equivalents related to Company common stock held under the Meritor, Inc. Supplemental Savings Plan, based on information furnished by the plan administrator as of December 1, 2017.