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AUTOLIV INC — Director's Dealing 2019
Feb 20, 2019
30630_dirs_2019-02-20_90be8749-d826-43c4-b6aa-da92689e935d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AUTOLIV INC (ALV)
CIK: 0001034670
Period of Report: 2019-02-15
Reporting Person: GARCEAU DANIEL (President, Autoliv Americas)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-15 | Common Stock | M | 576 | $0.00 | Acquired | 643 | Direct |
| 2019-02-15 | Common Stock | F | 196 | $78.23 | Disposed | 447 | Direct |
| 2019-02-15 | Common Stock | M | 140 | $0.00 | Acquired | 587 | Direct |
| 2019-02-20 | Common Stock | S | 140 | $80.69 | Disposed | 447 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-15 | Restricted Stock Unit | $ | M | 576.6125 | Disposed | 2019-02-15 | Common Stock (576.6125) | Direct |
| 2019-02-15 | Restricted Stock Unit | $ | M | 140.295 | Disposed | 2019-02-15 | Common Stock (140.295) | Direct |
| 2019-02-18 | Restricted Stock Unit | $ | A | 639 | Acquired | 2022-02-18 | Common Stock (639) | Direct |
Footnotes
F1: The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker dealer. The broker aggregated all shares to be sold by all Autoliv, Inc. employees on such date and sold them in multiple blocks. The price in the table reflects the weighted average sale price of such block trades on such date. The potential range of prices for such transactions for the reporting person is $80.52 to $80.98. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
F2: Reflects performance shares that converted to restricted stock unit (RSUs) in connection with the spin-off of the issuer's wholly-owned subsidiary Veoneer, Inc. on June 29, 2018.
F3: Each RSU represents a contingent right to receive one share of ALV common stock.
F4: Fractional RSUs are rounded down to the nearest whole number at vesting. The fractional amount is forfeited.
F5: The RSUs vest and convert to shares in one installment on the third anniversary of the grant date.
F6: The RSUs vest and convert to shares in three approximately equal installments on each of the first, second, and third anniversaries of the grant date. This is the final installment.