Statement of Changes in Beneficial Ownership (4)
March 27 2023 - 08:16AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Ericson Per Eric |
2. Issuer Name and Ticker or Trading Symbol
AUTOLIV INC
[
ALV
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks |
(Last)
(First)
(Middle)
C/O AUTOLIV, INC., KLARABERGSVIADUKTEN 70, SECTION B7 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/23/2023 |
(Street)
STOCKHOLM, V7 SE-111 64 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | 3/23/2023 | | A (2) | | 11.0663 | | 7/1/2023 | 7/1/2023 | Common Stock | 11.0663 | $0.00 | 1486.4021 | D | |
Restricted Stock Unit | (1) | 3/23/2023 | | A (2) | | 9.0477 | | (3) | (3) | Common Stock | 9.0477 | $0.00 | 1215.2772 | D | |
Performance-Based Restricted Stock Units (2021 Grant) | (1) | 3/23/2023 | | A (2) | | 3.6163 | | (4) | (4) | Common Stock | 3.6163 | $0.00 | 485.7281 | D | |
Restricted Stock Unit | (1) | 3/23/2023 | | A (2) | | 3.8471 | | 2/18/2024 | 2/18/2024 | Common Stock | 3.8471 | $0.00 | 516.7321 | D | |
Restricted Stock Unit | (1) | 3/23/2023 | | A (2) | | 3.6184 | | 2/21/2025 | 2/21/2025 | Common Stock | 3.6184 | $0.00 | 486.0178 | D | |
Performance-Based Restricted Stock Units (2022 Grant) | (1) | 3/23/2023 | | A (2) | | 2.4605 | | (5) | (5) | Common Stock | 2.4605 | $0.00 | 330.4921 | D | |
Restricted Stock Unit | (1) | 3/23/2023 | | A (2) | | 3.8629 | | 2/15/2026 | 2/15/2026 | Common Stock | 3.8629 | $0.00 | 518.8629 | D | |
Explanation of Responses: |
(1) | Each restricted stock unit (RSU) represents a contingent right to receive one share of ALV common stock. |
(2) | Dividend equivalent rights accrued in the form of additional RSUs. Per the award agreement, cash dividends with a record date on or after the grant date and paid on or before the vesting date yield additional RSUs subject to the same vesting schedule as the underlying RSUs. |
(3) | The RSUs vest in three approximately equal installments on each of the first, second and third anniversaries of the July 1, 2020 grant date, subject to the reporting person's continued employment with the issuer on each such date. |
(4) | The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the third one-year performance period ending December 31, 2023 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives. |
(5) | The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the third one-year performance period ending December 31, 2024 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives. |
Remarks: Executive Vice President, Human Resources and Sustainability |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ericson Per Eric C/O AUTOLIV, INC. KLARABERGSVIADUKTEN 70, SECTION B7 STOCKHOLM, V7 SE-111 64 |
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| See Remarks |
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Signatures
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/s/ Brian Kelly as attorney-in-fact | | 3/27/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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