SEC Form 4 · accession 0001140361-16-049446
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Newlin
Director
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 2:14 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 StockF3 | Jan 5, 2016 | G | 59,342 | $0.00 | D | 0 | I | Owned by GRAT trusts of which Mr. Newlin is trustee and settlor and his children are beneficiaries. |
| Common StockF5,F4,F6 | Jan 28, 2016 | A | 15,313 | $0.00 | A | 237,956 | D | |
| Common StockF1,F2 | holding | — | — | — | 222,643 | D | ||
| Common StockF2 | holding | — | — | — | 59,342 | I | Owned by GRAT trusts of which Mr. Newlin is trustee and settlor and his children are beneficiaries. | |
| Common Stock | holding | — | — | — | 6,860 | I | Owned by trust of which spouse is beneficiary. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 41,748 shares of Restricted Stock held by Meritor, Inc. (the "Company") to implement restrictions on transfer unless and until certain conditions are met. The number of shares of common stock beneficially owned by Mr. Newlin corrects the number reported in Column 5 of Mr. Newlin's Form 4 filed on February 4, 2015, which inadvertently did not include the 18,670 shares of common stock reported as acquired in Column 4 of the 2/4/15 Form 4.
- F2Reflects 11,400 shares of common stock transferred from Mr. Newlin's reported direct holdings to his Grantor Retained Annuity Trusts (the "GRAT").
- F3Upon termination of the GRAT, 59,342 of the shares held by the GRAT were distributed to Mr. Newlin's adult children who do not reside in his household.
- F4Acquisition of shares of Restricted Stock of the Company as equity compensation.
- F5Inapplicable.
- F6Includes 36,941 shares of Restricted Stock held by the Company to implement restrictions on transfer unless and until certain conditions are met. Also reflects vesting on January 24, 2016 of 20,120 shares of Restricted Stock.