DEVONSHIRE DAVID W 4

4 · MERITOR INC · Filed Jan 31, 2012

Form 4

Period: 2012-01-31

Director

Transactions

Exercise/Conversion
Common Stock
2012-01-31+4,500→ 48,451 total
Exercise/Conversion
Restricted Share Units
2012-01-31−4,500→ 4,500 total
Exercise: $0.00→ Common Stock (4,500 underlying)

Footnotes (5)

[F1]Vesting of restricted share units
[F2]inapplicable
[F3]Includes 23,042 shares of Restricted Stock held by the issuer to implement restrictions on transfer unless and until certain conditions are met and 3,868 restricted share units, each of which represents the right to receive one share of common stock upon the vesting date, subject to terms and conditions. Prior awards of restricted share units, which have different vesting provisions, have been reported in Table II. Number of shares of restricted stock reflects vesting on January 30, 2012 of 3,500 shares of restricted stock.
[F4]Restricted share units vest and are paid or settled after the earliest of (1) six years from the date of award, (2) ten days after retirement from the Board after reaching age 72 and having at least 3 years of service as a director, and (3) the date of ceasing to be a director by reason of the antitrust laws, compliance with conflict of interest policies, death, disability or other circumstances that the Board deems not to be adverse to the best interests of Meritor.
[F5]Restricted share units converted on a one-to-one basis into common stock on the vesting date.

Documents

1 file