Autoliv CEO exercises options and increases ownership in Autoliv
(Stockholm, November 18, 2014) – – – On November 13 and 14, 2014, Mr. Jan Carlson, Chairman, President and Chief Executive Officer of Autoliv, Inc. (NYSE: ALV and SSE: ALIV sdb) exercised stock options for the purchase of 112,175 shares of Autoliv common stock. Mr. Carlson sold 90,175 of these shares and held the remaining 22,000 shares. The proceeds from these transactions will primarily be used by Mr. Carlson to cover Swedish taxes, to pay the option exercise prices and for other transaction expenses. The transactions were executed pursuant to a stock trading plan in accordance with Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended, and consistent with the Company’s policies on sales by executives.
By retaining 22,000 shares from the transactions that occurred on November 13 and 14, 2014, Mr. Carlson increased his aggregate holdings to 77,861 shares of Autoliv common stock.
Thomas Jönsson, Vice President Communications Tel +46 (8) 58 72 06 27
Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities with close to 60,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2013 amounted to US $8.8 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.