Exercise of employee share options in Kongsberg Automotive ASA ("the Company").
1. Out of a total of 6,935,245 exercisable options, employees in Kongsberg Automotive Group have exercised 1,434,255 options. Each share option corresponds to one share. The underlying shares have been provided by sale of the Company’s holding of treasury shares. Subsequent to the transaction, Kongsberg Automotive ASA holds 2,766,173 own shares. There will be no share capital increase due to the exercise of share options.
2. Options exercised by primary insiders 18 May 2016:
The primary insiders mentioned below have exercised the following number of options in the Company, each option corresponding to one share, at the indicated strike price:
| Issued in | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2008 |
| Strike price, NOK | 6.20 | 5.90 | 5.80 | 1.50 | 2.00 | 4.50 | 3.00 | 20.00 |
| Expiry year | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2019 | 2018 |
| Trond Stabekk | 225,000 | 222,000 | ||||||
| Scott Paquette | 125,000 | 122,000 | ||||||
| Matthias Vogel | 76,667 | 34,667 | 40,000 | 30,230 | ||||
| Philippe Toth | 33,334 | 21,667 |
3. Transfer of rights
On 18 May 2016, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party.
The compensation for the transferred rights was determined by the price subsequently obtained by the third party when selling the shares in the market. The selling price was NOK 5.9466 per share.
Trond Stabekk
Scott Paquette
Matthias Vogel
Philippe Toth
4. New holding
After exercising options, the primary insiders mentioned in paragraph 2 hold the following number of unexercised options in the Company, each option corresponding to one share, at the indicated strike price:
| Issued in | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2008 |
| Strike price, NOK | 6.20 | 5.90 | 5.80 | 1.50 | 2.00 | 4.50 | 3.00 | 20.00 |
| Expiry year | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2019 | 2018 |
| Trond Stabekk | 225,000 | 225,000 | 225,000 | 0 | 0 | |||
| Scott Paquette | 125,000 | 125,000 | 125,000 | 0 | 0 | 117,000 | 102,029 | 13,012 |
| Matthias Vogel | 97,400 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | |
| Philippe Toth | 125,000 | 125,000 | 50,000 | 0 | 0 | 1,781 |
After completion of the above mentioned transactions, the primary insiders hold the following number of shares in the Company:
Trond Stabekk 138,080
Scott Paquette 90,800
Matthias Vogel 47,900
Philippe Toth 48,680
Investors / analysts:
Trond Stabekk, Executive Vice President & CFO
Tel. +47 982 14 054
Philippe Toth, Executive Vice President, Business Development & IR
Tel: +47 982 14 021
Media:
Fredrik Tangeraas, Director, Corporate Communications
Tel: +47 924 64 699
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 30 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com
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