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