SEC Form 4 · accession 0001209191-17-019410
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
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 6:33 pm EST
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 | Mar 6, 2017 | M | 32,236 | $20.125 | A | — | D | |
| Common Stock | Mar 6, 2017 | D | 11,861 | $54.70 | D | 190,856 | D | |
| Common Stock | Mar 6, 2017 | F | 8,109 | $54.70 | D | 182,747 | 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 Right | $20.125 | Mar 6, 2017 | M | 32,236 | D | May 29, 2010 | May 29, 2017 | Common Stock | 32,236 | 0 | D |
Explanation of responses
- F1The reporting person received 12,266 shares of common stock upon the net exercise of the 32,236 stock appreciation rights ("SARS"). The reporting person forfeited 11,861 shares of common stock underlying the SARS in payment of the exercise price and 8,109 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on March 6, 2017 of $54.70.