Statement of Changes in Beneficial Ownership (4)
March 27 2023 - 08:16AM
Edgar (US Regulatory)
FORM 4
☐ Check this
box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 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 * Ericson Per Eric |
2. Issuer Name and Ticker or Trading
Symbol AUTOLIV INC [ ALV ] |
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 |
(City)
(State)
(Zip)
|
Rule 10b5-1(c) Transaction Indication
☐ 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. |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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
|
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 |
|
|
See Remarks |
|
Signatures
|
/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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