SEC Form 4 · accession 0001209191-16-133139
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Mark J Friedman
Officer — General Counsel
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 1:25 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 | Jul 15, 2016 | M | 10,008 | $59.98 | A | 10,208 | D | |
| Common Stock | Jul 15, 2016 | M | 10,603 | $30.44 | A | 20,811 | D | |
| Common Stock | Jul 15, 2016 | D | 14,147 | $65.25 | D | 6,664 | D | |
| Common Stock | Jul 15, 2016 | F | 2,748 | $65.25 | D | 3,916 | 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 | $59.98 | Jul 15, 2016 | M | 10,008 | D | Apr 30, 2016 | Apr 30, 2024 | Common Stock | 10,008 | 0 | D |
| Stock Appreciation Rights | $30.44 | Jul 15, 2016 | M | 10,603 | D | Mar 2, 2016 | Mar 2, 2025 | Common Stock | 10,603 | 0 | D |
Explanation of responses
- F1The reporting person received an aggregate of 20,611 shares of common stock upon the net exercise of the stock appreciation rights ("SARS"). The reporting person forfeited an aggregate of 14,147 shares of common stock underlying the SARS in payment of the exercise price and an aggregate of 2,748 shares of common stock underlying the SARS to satisfy the aggregate withholding tax obligation resulting from the exercise, using the closing stock price on July 15, 2016 of $65.25.