FORM 4
( x ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_____________________|
|OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
____________________________________________________________________________
1. Name and Address of Reporting Person
Autoliv ASP, Inc.
3350 Airport Road
Ogden, Utah 84405
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2. Issuer Name and Ticker or Trading Symbol
Autoliv, Inc. Trading Symbol - ALV
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
36-3640053
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4. Statement for Month/Year
May 1997
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5. If Amendment, Date of Original (Month/Year)
____________________________________________________________________________
6. Relationship of reporting person to Issuer (Check all applicable)
( ) DIRECTOR
( x ) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
_____________________________________________________
____________________________________________________________________________
7. Individual, or Joint/Group Filing (Check all applicable)
( x ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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)
Common Stock, par value $.01 per share
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2. Transaction Date (Month/Day/Year)
May 1, 1997
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3. Transaction Code (Instr. 8)
J
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
D
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
0
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
____________________________________________________________________________
7. Nature of Indirect Beneficial Ownership (Instr. 4)
____________________________________________________________________________
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
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1. Title of Derivative Security (Instr. 3)
____________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
____________________________________________________________________________
3. Transaction Date (Month/Day/Year)
____________________________________________________________________________
4. Transaction 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 (Month/Day/Year)
____________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
____________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
____________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
____________________________________________________________________________
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
____________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
____________________________________________________________________________
EXPLANATION OF RESPONSES:
On May 1, 1997, pursuant to the Combination Agreement, dated as of
November 25, 1996 (the "Combination Agreement"), by and among Autoliv
AB, a corporation organized under the laws of the Kingdom of Sweden,
Morton International, Inc., an Indiana corporation ("Morton"), Autoliv,
Inc., a Delaware corporation ("New Autoliv"), and ASP Merger Sub Inc.,
a Delaware corporation ("Merger Sub"), Merger Sub merged with and into
Morton (the "Merger"), with Morton being the surviving entity in the
Merger and Morton changing its name to Autoliv ASP, Inc. As
contemplated by the Combination Agreement, on May 1, 1997, New Autoliv
cancelled 500 shares of its common stock, par value $.01 per share
owned by Morton.
/s/ Autoliv ASP, Inc. by H. Steven Hoisington 06/10/97
(Vice President-Legal Affairs, DATE
General Counsel and Secretary)
** SIGNATURE OF REPORTING PERSON
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
