SEC Form 4 · accession 0001209191-15-030005
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Goudis
Officer — Chief Operating Officer
Period of report
Feb 11, 2015
Accepted (ET)
Mar 27, 2015 · 6:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180262
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $79.58 | Feb 11, 2015 | A | 10,932 | A | Jun 21, 2015 | Dec 19, 2023 | Common Stock | 10,932 | 21,864 | D |
| Stock Appreciation RightsF2 | $59.98 | Feb 11, 2015 | A | 16,680 | A | Apr 30, 2015 | Apr 30, 2024 | Common Stock | 16,680 | 16,680 | D |
Explanation of responses
- F1On December 19, 2013, the reporting person was granted an award of 54,661 stock appreciation rights (SARs). The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2013, 2014 and 2015. The performance criteria was met in 2014, resulting in the vesting of 10,932 SARs subject to this award on June 21, 2015.
- F2On April 30, 2014, the reporting person was granted an award of 83,402 stock appreciation rights (SARs). The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2014, 2015 and 2016. The performance criteria was met in 2014, resulting in the vesting of 16,680 SARs subject to this award on April 30, 2015.