STOCKHOLM -- (Business Wire)
Regulatory News:
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.
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.
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Contacts:
Jan Carlson
President and CEO
Tel. +46-8-587 20 600
Source: Autoliv
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