Filing Details

Accession Number:
0001113256-17-000145
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-12-05 16:18:44
Reporting Period:
2017-12-01
Accepted Time:
2017-12-05 16:18:44
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
1641729 H. Robert Speed C/O Meritor, Inc.
2135 West Maple Road
Troy MI 48084-7186
Svp & Pres., Aftmkt, Cpo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-12-01 7,485 $0.00 37,485 No 4 M Direct
Common Stock Acquisiton 2017-12-01 19,913 $0.00 57,398 No 4 M Direct
Common Stock Disposition 2017-12-04 12,767 $24.64 44,631 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Share Units Disposition 2017-12-01 7,485 $0.00 7,485 $0.00
Common Stock Restricted Share Units Disposition 2017-12-01 19,913 $0.00 19,913 $0.00
Common Stock Restricted Share Units Acquisiton 2017-12-01 12,908 $0.00 12,908 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
12,908 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 74,922 Indirect Meritor Savings Plan
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Share Units $0.00 1,623 1,623 Direct
Common Stock Restricted Share Units $0.00 24,276 24,276 Direct
Common Stock Restricted Share Units $0.00 20,361 20,361 Direct
Common Stock Restricted Share Units $0.00 1,065 1,065 Direct
Common Stock Common Stock Share Equivalents $0.00 30,185 30,185 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
1,623 1,623 Direct
24,276 24,276 Direct
20,361 20,361 Direct
1,065 1,065 Direct
30,185 30,185 Indirect
Footnotes
  1. Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2017.
  2. The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.28 to $25.32, 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.
  4. Shares purchased periodically and held in the 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, 2017.
  5. Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2017. 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.
  6. The date of acquisition of the RSUs was November 1, 2017 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 August 1, 2018 or upon termination of employment with the Company under certain circumstances.
  7. 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.
  8. 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.
  9. 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, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
  10. 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, 2017.