SEC Form 4 · accession 0001209191-16-157080
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Levy
Officer — EVP, WW Sales & Marketing
Period of report
Apr 27, 2016
Accepted (ET)
Dec 30, 2016 · 4:08 pm EST
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 | $79.58 | Apr 27, 2016 | A | 11,803 | A | Jun 21, 2016 | Dec 19, 2023 | Common Stock | 11,803 | 19,673 | D |
Explanation of responses
- F1On December 19, 2013, the reporting person was granted an award of 19,673 stock appreciation rights (SARs). The amount and timing of the vesting of these SARs were dependent upon Herbalife Ltd.'s achievement of certain performance criteria for each of fiscal 2013, 2014 and 2015. The performance criteria were met in 2015, resulting in the vesting of 11,803 SARs subject to this award on June 21, 2016.