SEC Form 4 · accession 0001113256-18-000030
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Craig
Officer — CEO & President · Director
Period of report
Feb 2, 2018
Accepted (ET)
Feb 6, 2018 · 6:05 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 | Feb 2, 2018 | S | 50,000 | $29.118 | D | 427,310 | 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 UnitsF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 55,189 | 55,189 | D |
| Restricted Share UnitsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 46,634 | 46,634 | D |
| Restricted Share UnitsF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 66,156 | 66,156 | D |
| Restricted Share UnitsF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 112,764 | 112,764 | D |
| Restricted Share UnitsF6 | $0.00 | holding | — | — | — | — | — | Common Stock | 133,206 | 133,206 | D |
| Restricted Share UnitsF7 | $0.00 | holding | — | — | — | — | — | Common Stock | 36,222 | 36,222 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $28.83 to $29.28, 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.
- F2The date of the acquisition of the Restricted Share Units ("RSUs") was November 1, 2017 following satisfaction of the performance criteria applicable thereto. 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 August 1, 2018 or upon termination of employment with the Company under certain circumstances.
- F3The date of the acquisition of the RSUs was November 2, 2016 following satisfaction of the performance criteria applicable thereto. 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 December 1, 2018 or upon termination of employment with the Company under certain circumstances.
- F4The 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.
- F5The 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.
- F6The 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.
- F7The date of grant of the RSUs was August 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.