SEC Form 4 · accession 0001209191-16-119831
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Des Walsh
Officer — President
Period of report
Mar 2, 2016
Accepted (ET)
May 13, 2016 · 2:59 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 | $30.44 | Mar 2, 2016 | A | 24,470 | A | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 24,470 | 24,470 | D |
| Stock Appreciation RightsF2 | $59.98 | Apr 30, 2016 | A | 16,681 | A | Apr 30, 2016 | Apr 30, 2024 | Common Stock | 16,681 | 33,362 | D |
| Stock Appreciation RightsF3 | $47.80 | May 7, 2016 | A | 16,650 | A | May 7, 2016 | May 7, 2025 | Common Stock | 16,650 | 16,650 | D |
Explanation of responses
- F1On March 2, 2015, the reporting person was granted an award of 122,349 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 2015, 2016 and 2017. The performance criteria was met in 2015, resulting in the vesting of 24,470 SARs.
- F2On April 30, 2014, the reporting person was granted an award of 83,402 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 2015, resulting in the vesting of 16,681 SARs.
- F3On May 7, 2015, the reporting person was granted an award of 83,250 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 2015, 2016 and 2017. The performance criteria was met in 2015, resulting in the vesting of 16,650 SARs.