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Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Number of Restricted Stock Units and Performance Shares

Information on the number of RSUs, PSs and SOs related to the Stock Incentive Plan during the period of 2016 to 2018 is as follows.

RSUs

 

2018

 

 

2017

 

 

2016

 

Weighted average fair value at grant date 1)

 

$

131.51

 

 

$

105.64

 

 

$

100.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

 

188,410

 

 

 

188,494

 

 

 

204,552

 

Granted

 

 

131,246

 

 

 

84,771

 

 

 

71,870

 

Shares issued

 

 

(84,425

)

 

 

(70,795

)

 

 

(66,651

)

Cancelled/Forfeited/Expired

 

 

(6,485

)

 

 

(14,060

)

 

 

(21,277

)

Spin conversion 2)

 

 

33,328

 

 

 

—

 

 

 

—

 

Outstanding at end of year3)

 

 

262,074

 

 

 

188,410

 

 

 

188,494

 

1)

Weighted average fair value at grant date pre-spin.

2)

Reflects the impact of the cancellation of PS awards outstanding as of the Distribution Date, and the conversion to RSUs in accordance with the conversion factor described above.

3)

Outstanding at the end of 2018 reflects the RSUs held by employees of Autoliv and Veoneer, in accordance with the conversion factor described above. Outstanding at the end of 2017 and 2016, respectively reflects RSUs held by employees of Autoliv. The corresponding weighted average grant date fair value after applying the conversion factor is $100.74 as of December 31, 2018.

PSs

 

2018

 

 

2017

 

 

2016

 

Weighted average fair value at grant date 1)

 

$

105.87

 

 

$

105.87

 

 

$

98.57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

 

139,891

 

 

 

138,548

 

 

 

—

 

Change in performance conditions

 

 

—

 

 

 

(69,274

)

 

 

—

 

Granted 2)

 

 

588

 

 

 

75,379

 

 

 

143,740

 

Shares issued

 

 

—

 

 

 

—

 

 

 

—

 

Cancelled/Forfeited/Expired

 

 

(3,076

)

 

 

(4,762

)

 

 

(5,192

)

Spin conversion 3)

 

 

(137,403

)

 

 

—

 

 

 

—

 

Outstanding at end of year 4)

 

 

—

 

 

 

139,891

 

 

 

138,548

 

1)

Weighted average fair value at grant date pre-spin.

2)

2018 grants reflect awards issued pre-spin as a result of dividend equivalent rights.

3)

Reflects the replacement of awards due to the spin-off. Outstanding PS awards were converted to RSU awards in accordance with the conversion factor described above.

4)

Outstanding at the end of 2017 and 2016, respectively reflects PSs held by employees of Autoliv.
Schedule of Options Exercisable

Information on the number of RSUs, PSs and SOs related to the Stock Incentive Plan during the period of 2016 to 2018 is as follows.

SOs

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at Dec 31, 2015

 

 

473,051

 

 

$

87.88

 

Exercised

 

 

(51,084

)

 

 

88.10

 

Cancelled/Forfeited/Expired

 

 

(10,858

)

 

 

102.31

 

Outstanding at Dec 31, 2016

 

 

411,109

 

 

$

87.47

 

Exercised

 

 

(100,184

)

 

 

79.58

 

Cancelled/Forfeited/Expired

 

 

(10,976

)

 

 

112.20

 

Outstanding at Dec 31, 2017

 

 

299,949

 

 

$

89.20

 

Exercised

 

 

(92,485

)

 

 

86.59

 

Cancelled/Forfeited/Expired

 

 

—

 

 

 

—

 

Spin conversion 1)

 

 

(65,390

)

 

 

88.75

 

Outstanding at Dec 31, 2018 2)

 

 

142,074

 

 

$

63.43

 

 

 

 

 

 

 

 

 

 

OPTIONS EXERCISABLE

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

254,842

 

 

$

71.48

 

At December 31, 2017

 

 

299,949

 

 

$

89.20

 

At December 31, 2018

 

 

142,074

 

 

$

63.43

 

 

1)

Reflects the cancellation of SOs outstanding as of the Distribution Date, and the conversion to new awards in accordance with the conversion factor described above. The weighted average exercise price reflects the exercise price of the shares cancelled due to the spin-off.

2)

Reflects outstanding SOs held by employees of Autoliv and Veoneer at the end of the year and the weighted average exercise price, in accordance with the conversion factor described above.

 
Summary of Stock Options Outstanding and Exercisable

The following summarizes information about SOs outstanding and exercisable at December 31, 2018:

 

RANGE OF EXERCISE PRICES

 

Number

outstanding &

exercisable

 

 

Remaining

contract life

(in years)

 

 

Weighted

average

exercise

price

 

$11.57

 

 

5,885

 

 

 

0.14

 

 

$

11.57

 

$31.71

 

 

7,047

 

 

 

1.13

 

 

 

31.71

 

$47.52– $49.07

 

 

27,553

 

 

 

3.64

 

 

 

48.30

 

$51.74

 

 

10,120

 

 

 

2.15

 

 

 

51.74

 

$67.29

 

 

37,768

 

 

 

5.14

 

 

 

67.29

 

$80.40

 

 

53,701

 

 

 

6.13

 

 

 

80.40

 

 

 

 

142,074

 

 

 

4.64

 

 

$

63.43