UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
April
25, 2008
Date of Report
(Date of Earliest Event Reported)
AUTOLIV,
INC.
(Exact name of
registrant as specified in its charter)
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Delaware
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001-12933
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51-0378542
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(State or
other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer
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incorporation
or organization)
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Identification
Number)
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World
Trade Center,
Klarabergsviadukten
70, SE-107 24
Stockholm,
Sweden
(Address of
principal executive offices, including zip code)
+46
8 587 20 600
(Registrant’s
telephone number, including area code)
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(Former name
or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On April 24, 2008,
Autoliv, Inc. (the “Company”) issued a press release announcing the Stock Option
Exercise Plan for Mr. Lars Westerberg. A copy of the press release is furnished
as Exhibit 99.1 to this report and is incorporated herein by
reference.
(c) Mr. Lars Westerberg,
holds 241,500 stock options in the Company. He has received them as part of his
regular, annual compensation during his eight years as the President and CEO of
the Company. The options have exercise prices varying from $16.99 to
$59.01.
According to the
rules of the Company’s stock option plans, an Autoliv employee retiring from the
Company has to exercise such options within two years from his retirement, or
the options will be cancelled. In Mr. Westerberg’s case, the two-year period
ends on March 31, 2009. Mr. Westerberg has now informed the Company that he has
decided to utilize the four quarters that remain to this deadline to exercise
those of his stock options that are in the money. Mr. Westerberg’s intention is
to exercise the options in an orderly manner in four similarly sized portions
each quarter.
(c)
EXHIBITS
99.1 Press release
of Autoliv, Inc. dated April 24, 2008 announcing the Stock Option Exercise Plan
for Mr. Lars Westerberg.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly
authorized.
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Date
April 25,
2008
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Autoliv,
Inc.
(Registrant)
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/s/
Lars A. Sjöbring
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Lars A.
Sjöbring
Vice
President – Legal
Affairs,
General Counsel
and
Secretary
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