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Autoliv CEO exercises options for tax purposesFriday, 04 May 2012
On May 2, 2012, Mr. Jan Carlson, President and Chief Executive Officer of Autoliv, Inc. (NYSE: ALV and SSE: ALIV sdb) 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.
Based on a press release
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