SEC Form 4 · accession 0001140361-15-043499
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra J. Quick
Officer — Senior VP, GC & Corp Sec
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 12:05 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 | holding | — | — | — | 0 | 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 | Dec 1, 2015 | A | 20,171 | A | — | — | Common Stock | 20,171 | 20,171 | D |
| Restricted Share UnitsF1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 8,734 | 8,734 | D |
Explanation of responses
- F1The amount of securities shown as beneficially owned by Ms. Quick on Table I have been reduced by 8,734 Restricted Share Units ("RSUs"), which were previously reported on Table I. This Form 4 reflects the previously reported 12/1/14 grant of 8,734 RSUs on Table II.
- F2Acquisition 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 Meritor, Inc. (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.
- F3The 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 2 above.