From the November 2014 working draft of the C++14 standard:
§ 1.7 6
c ISO/IEC N4296 5 [Example: A structure declared as
struct { 
    char a;
    int b:5, 
    c:11, 
    :0, 
    d:8; 
    struct {int ee:8;} e; 
} 
contains four separate memory locations: The field a and bit-fields d and e.ee are each separate memory locations, and can be modified concurrently without interfering with each other. The bit-fields b and c together constitute the fourth memory location. The bit-fields b and c cannot be concurrently modified, but b and a, for example, can be. — end example ]
I assume that the :0 acts as a separator of sorts, which is why d has a separate memory location while b and c do not. However, I do not understand what is meant by 
together constitute the fourth memory location
Are b and c a union? E.g., equivalent to
union {
    int b:5;
    int c:11;
};
