4//SEC Filing
MERITOR INC 4
Accession 0001113256-16-000109
CIK 0001113256operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 2:39 PM ET
Size
23.5 KB
Accession
0001113256-16-000109
Insider Transaction Report
Form 4
MERITOR INCMTOR
Speed Robert H.
Pres., Aftmkt & Trailer, CPO
Transactions
- Exercise/Conversion
Common Stock
2016-12-01+15,000→ 38,226 total - Sale
Common Stock
2016-12-02$12.44/sh−10,588$131,756→ 27,638 total - Exercise/Conversion
Restricted Share Units
2016-12-01−15,000→ 0 totalExercise: $0.00→ Common Stock (15,000 underlying) - Exercise/Conversion
Common Stock
2016-12-01+17,487→ 23,226 total - Award
Restricted Share Units
2016-12-01+24,276→ 24,276 totalExercise: $0.00→ Common Stock (24,276 underlying) - Exercise/Conversion
Restricted Share Units
2016-12-01−17,487→ 0 totalExercise: $0.00→ Common Stock (17,487 underlying)
Holdings
- 19,913
Restricted Share Units
Exercise: $0.00→ Common Stock (19,913 underlying) - 30,185(indirect: Meritor Supplemental Savings Plan)
Common Stock Share Equivalents
Exercise: $0.00→ Common Stock (30,185 underlying) - 74,922(indirect: Meritor Savings Plan)
Common Stock
- 10,154
Restricted Share Units
Exercise: $0.00→ Common Stock (10,154 underlying) - 1,065
Restricted Share Units
Exercise: $0.00→ Common Stock (1,065 underlying) - 20,361
Restricted Share Units
Exercise: $0.00→ Common Stock (20,361 underlying)
Footnotes (11)
- [F1]Reflects vesting on December 1, 2016 of 17,487 Restricted Share Units ("RSUs").
- [F10]The 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 6 above.
- [F11]Share equivalents related to Meritor common stock held under the Meritor, Inc. Supplemental Savings Plan, based on information furnished by the plan administrator as of December 1, 2016.
- [F2]Reflects vesting on December 1, 2016 of 15,000 RSUs.
- [F3]The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of 32,487 RSUs.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $12.24 to $12.67, 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.
- [F5]Shares purchased periodically and held in Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2016.
- [F6]Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 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.
- [F7]The date of the acquisition of the RSUs was November 2, 2016 following satisfaction of the performance criteria applicable thereto. 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 February 1, 2017 or upon termination of employment with the Company under certain circumstances.
- [F8]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, subject to the terms and conditions in footnote 6 above.
- [F9]The date of grant of the RSUs was August 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 in footnote 6 above.
Documents
Issuer
MERITOR INC
CIK 0001113256
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001113256
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 2:39 PM ET
- Size
- 23.5 KB