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
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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
New Morton International, Inc. Trading Symbol - MII
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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 $1.00 per share
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2. Transaction Date (Month/Day/Year)
April 30, 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)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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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
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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)
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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)
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
On April 30, 1997, as contemplated by the Distribution Agreement, dated
as of April 30, 1997, by and among Morton International, Inc., an
Indiana corporation ("Morton") and New Morton International, Inc., an
Indiana corporation ("New Morton"), the 100 shares of New Morton Common
Stock, par value $1.00 per share ("New Morton Common Stock"), owned by
Morton were split (the "Stock Split") in the form of a stock dividend
into a number of shares of New Morton Common Stock equal to the number
of shares of common stock of Morton outstanding at such date.
Immediately after the Stock Split, Morton distributed all of its shares
of New Morton Common Stock to its shareholders, and as a result Morton
no longer owned any shares of New Morton Common Stock. On May 1, 1997,
pursuant to the Combination Agreement, dated as of November 25, 1996,
by and among Autoliv AB, a corporation organized under the laws of the
Kingdom of Sweden, Morton, Autoliv, Inc., a Delaware corporation, and
ASP Merger Sub Inc., a Delaware corporation, Morton changed its name to
Autoliv ASP, Inc.
/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).
