SEC Form 4 · accession 0001209191-16-138406
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Dunn
Director
Period of report
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 7:39 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 | Aug 19, 2016 | M | 4,170 | $20.90 | A | 21,255 | D | |
| Common StockF1 | Aug 19, 2016 | D | 1,377 | $63.31 | D | 19,878 | 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 RIghtsF2,F3,F4 | $20.90 | Aug 19, 2016 | M | 4,170 | D | — | Nov 11, 2016 | Common Stock | 4,170 | 0 | D |
Explanation of responses
- F1The reporting person received 2,793 shares of common stock upon the net exercise of the reporting person's 4,170 stock appreciation rights ("SARS"). The reporting person forfeited 1,377 shares of common stock underlying the SARS in payment of the exercise price resulting from the exercise, using the closing stock price on August 19, 2016 of $63.31.
- F2This exercise price reflects the stock split that occurred on May 18, 2011.
- F3The SARS vested in four equal installments on each of November 27, 2009, February, 27, 2010, May, 27, 2010 and August 27, 2010.
- F4This amount reflects the stock split that occurred on May 18, 2011.