John Nelligan - Aug 3, 2022 Form 4 Insider Report for MERITOR, INC. (MTOR)

Signature
/s/ John Nelligan, By: Carl D. Anderson, II, Attorney-in-Fact
Stock symbol
MTOR
Transactions as of
Aug 3, 2022
Transactions value $
$0
Form type
4
Date filed
8/5/2022, 10:52 AM
Previous filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTOR Common Stock Disposed to Issuer -12.6K -100% 0 Aug 3, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTOR Restricted Share Units Disposed to Issuer -10.9K -100% 0 Aug 3, 2022 Common Stock 10.9K $0.00 Direct F1
transaction MTOR Restricted Share Units Disposed to Issuer -5.37K -100% 0 Aug 3, 2022 Common Stock 5.37K $0.00 Direct F1
transaction MTOR Restricted Share Units Disposed to Issuer -3.71K -100% 0 Aug 3, 2022 Common Stock 3.71K $0.00 Direct F1
transaction MTOR Restricted Share Units Disposed to Issuer -1.07K -100% 0 Aug 3, 2022 Common Stock 1.07K $0.00 Direct F1
transaction MTOR Restricted Share Units Disposed to Issuer -3.17K -100% 0 Aug 3, 2022 Common Stock 3.17K $0.00 Direct F1
transaction MTOR Common Stock Share Equivalents Disposed to Issuer -214 -100% 0 Aug 3, 2022 Common Stock 214 $0.00 Meritor Supplemental Savings Plan F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Nelligan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger, dated as of February 21, 2022 (the "Merger Agreement"), by and among Meritor, Inc., an Indiana corporation (the "Company"), Cummins Inc., an Indiana corporation ("Cummins"), and Rose NewCo Inc., an Indiana corporation and wholly owned subsidiary of Cummins ("Merger Sub"), Merger Sub was merged with and into the Company (the "Merger") with the Company continuing as the surviving corporation and a subsidiary of Cummins. As a result of the Merger, each share of Company Common Stock and each restricted share unit was automatically converted into the right to receive an amount in cash equal to $36.50, subject to the vesting and other terms and conditions as provided in the Merger Agreement.