SEC Form 4 · accession 0001140361-15-043494
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivor J Evans
Officer — Executive Chairman · Director
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 11:58 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001113256
Table I — non-derivative securities
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3 | $0.00 | Dec 1, 2015 | A | 43,767 | A | — | — | Common Stock | 43,767 | 43,767 | D |
| Restricted Share UnitsF2,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 91,703 | 91,703 | D |
Explanation of responses
- F1Total includes 35,202 shares of Restricted Stock held by Meritor, Inc. (the "Company") to implement restrictions on transfer unless and until certain conditions are met.
- F2The amount of securities shown as beneficially owned by Mr. Evans on Table I has been reduced by 91,703 Restricted Share Units ("RSUs"), which were previously reported on Table I. This Form 4 reflects the previously reported 12/1/14 grant of 91,703 RSUs on Table II.
- F3Acquisition of RSUs as equity compensation. The 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.
- F4The 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 3 above.