SEC Form 4 · accession 0001206774-17-000357
MERITOR INC · MTOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivor J Evans
Director
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 12:04 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 Stock | Feb 3, 2017 | M | 233,333 | $8.22 | A | 576,762 | D | |
| Common StockF2,F3 | Feb 3, 2017 | S | 160,925 | $15.0005 | D | 415,837 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $8.22 | Feb 3, 2017 | M | 233,333 | D | — | Sep 11, 2018 | Common Stock | 233,333 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected to cover the exercise price and tax withholding obligations upon the exercise of 233,333 employee stock options.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.86 to $15.26, 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.
- F3Includes 15,494 Restricted Shares held by the Company to implement restrictions on transfer unless and until certain conditions are met.
- F4The options vested upon the achievement of the stock price performance targets prior to September 30, 2016. Also reflects the forfeiture of 116,667 options for failure to meet the vesting criteria prior to September 30, 2016.