SEC Form 4 · accession 0001209191-16-119379
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jesus Alzarez
Officer — VP, General Manager, Mexico
Period of report
May 9, 2016
Accepted (ET)
May 11, 2016 · 9:23 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 9, 2016 | M | 1,042 | $53.29 | A | 1,042 | D | |
| Common Stock | May 9, 2016 | M | 3,934 | $44.79 | A | 4,976 | D | |
| Common Stock | May 9, 2016 | M | 1,957 | $30.44 | A | 6,933 | D | |
| Common Stock | May 9, 2016 | D | 4,661 | $62.51 | D | 2,272 | D | |
| Common Stock | May 9, 2016 | F | 797 | $62.51 | D | 1,475 | D | |
| Common Stock | May 11, 2016 | S | 875 | $62.185 | D | 600 | D | |
| Common Stock | May 11, 2016 | S | 600 | $62.1775 | D | 0 | 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 | $53.29 | May 9, 2016 | M | 1,042 | D | May 18, 2014 | May 18, 2021 | Common Stock | 1,042 | 0 | D |
| Stock Appreciation Rights | $44.79 | May 9, 2016 | M | 3,934 | D | May 31, 2015 | May 31, 2022 | Common Stock | 3,934 | 0 | D |
| Stock Appreciation Rights | $30.44 | May 9, 2016 | M | 1,957 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 1,957 | 0 | D |
Explanation of responses
- F1The reporting person received an aggregate of 6,933 shares of common stock upon the net exercise of the stock appreciation rights ("SARS"). The reporting person forfeited an aggregate of 4,661 shares of common stock underlying the SARS in payment of the exercise price and an aggregate of 797 shares of common stock underlying the SARS to satisfy the aggregate withholding tax obligation resulting from the exercise, using the closing stock price on May 9, 2016 of $62.51.