Home > Insider Trading > Filing (0001140361-15-043501)

Filing Details

Accession Number:: 0001140361-15-043501
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-03 12:09:56
Reporting Period:: 2015-12-01

Filing Date:: 2015-12-03
Accepted Time:: 2015-12-03 12:09:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1113256	Meritor Inc	MTOR	Motor Vehicle Parts & Accessories (3714)	383354643

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1641733	Chris Villavarayan	C/O Meritor, Inc. 2135 West Maple Road Troy MI 48084-7186	Pres., Americas	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-12-02	1,510	$10.35	13,383	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Share Units	Acquisiton	2015-12-01	20,361	$0.00	20,361	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,361			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,667	Indirect	Meritor Savings Plan

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Share Units	$0.00			21,004	21,004	Direct
Common Stock	Restricted Share Units	$0.00			15,000	15,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	21,004	21,004	Direct
	15,000	15,000	Direct

Footnotes

The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of 4,670 Restricted Share Units ("RSUs").
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $10.24 to $10.51, 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.
Reflects vesting on December 1, 2015 of 4,670 RSUs. (Note: the number of shares of common stock held by Mr. Villavarayan corrects the previously reported total amount. The previously reported amount inadvertently included his separately reported indirectly held shares in the Meritor, Inc. Savings Plan and Supplemental Savings Plan within the directly held amount and overstated his shares by 4,423.)
The amount of securities shown as beneficially owned by Mr. Villavarayan has been reduced by 36,004 RSUs, which were previously reported on Table I. This Form 4 reflects the previously reported 12/1/14 grant of 21,004 RSUs and 12/1/13 grant of 15,000 RSUs on Table II.
Between May 1, 2015 and December 1, 2015, the reporting person acquired 147 shares of common stock of 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 December 1, 2015.
Acquisition of RSUs as equity compensation. 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, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
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.
The 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 6 above.