SEC Form 4 · accession 0001209191-16-118940
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Lamberti
Officer — SVP, Managing Dir. -North Asia
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 6:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180262
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 6, 2016 | M | 2,222 | $6.82 | A | 11,504 | D | |
| Common Stock | May 6, 2016 | D | 239 | $63.62 | D | 11,265 | D | |
| Common Stock | May 6, 2016 | F | 746 | $63.62 | D | 10,519 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights | $6.82 | May 6, 2016 | M | 2,222 | D | Feb 27, 2012 | Feb 27, 2019 | Common Stock | 2,222 | 4,444 | D |
Explanation of responses
- F1The reporting person received 2,222 shares of common stock upon the net exercise of the stock appreciation rights ("SARS"). The reporting person forfeited 239 shares of common stock underlying the SARS in payment of the exercise price and 746 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on May 6, 2016 of $63.62.