FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION _____________________ WASHINGTON, D.C. 20549 | OMB APPROVAL | ANNUAL STATEMENT OF |_____________________| CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0362| |EXPIRES: | | JANUARY 31, 2005 | 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......1.0| Holding Company Act of 1935 |_____________________| or Section 30(h) of the Investment Company Act of 1940 /__/ Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). /__/ Form 3 Holdings Reported /__/ Form 4 Transactions Reported ---------------------------------------------------------------------------- 1. Name and Address of Reporting Person Westerberg Lars ------------------------------------------------------------------------- (Last) (First) (Middle) Klarabergsviadukten 70, Section E, Box 70381 ------------------------------------------------------------------------- (Street) Stockholm Sweden SE-107 24 ------------------------------------------------------------------------- (City) (State) (Zip) ---------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol AUTOLIV, INC. (ALV) ---------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (Voluntary) ---------------------------------------------------------------------------- 4. Statement of Month/Year 12/02 ---------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ---------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner --- --- X Officer (give title below) Other (specify below) --- --- President and Chief Executive Officer ---------------------------------------------------------------------------- 7. Individual or Joint/Group Reporting (check applicable line) X Form Filed by One Reporting Person --- Form Filed by More than one Reporting Person --- ============================================================================ Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ---------------------------------------------------------------------------- 1. Title of Security (Instr. 3) ---------------------------------------------------------------------------- 2. Transaction Date (Month/Day/Year) ---------------------------------------------------------------------------- 3. Transaction Code (Instr. 8) ---------------------------------------------------------------------------- 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) ----------------- ----------------- ---------------- Amount (A) or (D) Price ---------------------------------------------------------------------------- 5. Amount of Securities Beneficially Owned at the end of Issuer's Fiscal Year (Instr. 3 and 4) 19,000* ---------------------------------------------------------------------------- 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) (D)irect ---------------------------------------------------------------------------- 7. Nature of Indirect Beneficial Ownership (Instr. 4) ---------------------------------------------------------------------------- [TYPE ENTRIES HERE] ============================================================================ TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ---------------------------------------------------------------------------- 1. Title of Derivative Security (Instr. 3) Options ---------------------------------------------------------------------------- 2. Conversion or Exercise Price of Derivative Security USD 19,96 ---------------------------------------------------------------------------- 3. Transaction Date (Month/Day/Year) 01/02/02 ---------------------------------------------------------------------------- 4. Transaction Code (Instr. 8) ---------------------------------------------------------------------------- 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 50,000 ------------------- ------------------ (A) (D) ---------------------------------------------------------------------------- 6. Date Exercisable and Expiration Date (Month/Day/Year) 01/02/03 01/02/12 ------------------- ------------------ Date Exercisable Expiration Date ---------------------------------------------------------------------------- 7. Title and Amount of Underlying Securities (Instr. 3 and 4) Common Stock 50,000 ---------------------------------- -------------------------- Title Amount or Number of Shares ---------------------------------------------------------------------------- 8. Price of Derivative Security (Instr. 5) ---------------------------------------------------------------------------- 9. Number of Derivative Securities Beneficially Owned at End of Year (Instr. 4) 112,500** ---------------------------------------------------------------------------- 10. Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) (D)irect ---------------------------------------------------------------------------- 11. Nature of Indirect Beneficial Ownership (Instr. 4) ---------------------------------------------------------------------------- [TYPE ENTRIES HERE] ---------------------------------------------------------------------------- EXPLANATION OF RESPONSES: * The number of common stock held has been previously reported. ** 49,000 Options and 13,500 Restricted Stock Units have been previously reported. /S/ Lars Westerberg ---------------------------------- ----------------- ** SIGNATURE OF REPORTING PERSON DATE _____________________________ * If the form is filed by more than one reporting person, see instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). NOTE: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure ============================================================================