SEC Form 4 · accession 0001206774-16-005773
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Villavarayan
Officer — Pres., Americas
Period of report
May 1, 2016
Accepted (ET)
May 4, 2016 · 6:00 am EDT
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 | holding | — | — | — | 13,383 | D | ||
| Common StockF1 | holding | — | — | — | 4,030 | 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 UnitF2 | $0.00 | May 1, 2016 | A | 12,235 | A | — | — | Common Stock | 12,235 | 12,235 | D |
| Restricted Share UnitF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,466 | 10,466 | D |
| Restricted Share UnitF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 21,004 | 21,004 | D |
| Restricted Share UnitF5 | $0.00 | holding | — | — | — | — | — | Common Stock | 15,000 | 15,000 | D |
| Common Stock Share EquivalentsF6 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,425 | 1,425 | I |
Explanation of responses
- F1Between December 1, 2015 and May 1, 2016, the reporting person acquired 363 shares of common stock of Meritor, Inc. (the "Company") under the Meritor, Inc. Savings Plan. Shares are purchased periodically and held in Meritor common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan. The information on this report is based on information furnished by the plan administrator as of May 1, 2016.
- F2Acquisition of Restricted Share Units ("RSUs") as equity compensation. The 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.
- F3The 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, subject to the terms and conditions described in footnote 2 above.
- 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 2 above.
- F5The date of grant of the RSUs was December 1, 2013. 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.
- F6Between April 30, 2015 and May 1, 2016, the reporting person acquired 522 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 May 1, 2016.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney