Autoliv CEO exercises options for tax purposes

(Stockholm, May 4, 2011) – – – On May 2, 2012, Mr. Jan Carlson, President and Chief Executive Officer of Autoliv, Inc. (NYSE: ALV and SSE: ALIV sdb) – the worldwide leader in automotive safety systems – exercised, pursuant to a Rule 10b5-1 plan, stock options for the purchase and sale of 75,750 shares of Autoliv common stock. The proceeds from these transactions are approximately $3.2 million, of which more than 90% will be used for purposes of Swedish taxes owed by Mr. Carlson as a result of this transaction and the automatic vesting of restricted stock units in 2011 and 2012. 

Following the transactions on May 2, Mr. Carlson’s aggregate holdings of Autoliv securities have a market value of approximately $5 million at the May 2 closing price of $63.93 on the New York Stock Exchange.

Inquiries:
Jan Carlson, President and CEO, Tel. +46-8-587 20 600

About Autoliv

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 nearly 50,000 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 2011 grew by 15% to US $8.2 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.

Safe Harbor Statement

This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). All such statements are based upon our current expectations and various assumptions, and apply only as of the date of this report. Our expectations and beliefs are express­ed in good faith and we believe there is a reasonable basis for them. How­ever, there can be no assurance that forward-looking statements will materialize or prove to be correct. Because such state­ments involve risks and uncer­tainties, the outcome could differ materially from those set out in the statements. For a summary of such risk factors, please refer to our latest 10-K and 10-Q filed with the SEC.  Except for our ongoing obligation to disclose information under law, we under­take no obligation to update publicly any forward-looking statements whether as a result of new informa­tion or future events. For any forward-looking statements con­tained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the PSLRA.

 

About Us

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 66,000 associates in 27 countries. In addition, the Company has 12 technical centers around the world, with 19 test tracks. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.

Subscribe

Documents & Links