SEC Form 4 · accession 0001209191-17-064417
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Des Walsh
Officer — President
Period of report
Dec 5, 2017
Accepted (ET)
Dec 7, 2017 · 4:16 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 | Dec 5, 2017 | M | 30,000 | $21.565 | A | 165,738 | D | |
| Common Stock | Dec 5, 2017 | D | 9,516 | $67.99 | D | 156,222 | D | |
| Common Stock | Dec 5, 2017 | F | 10,689 | $67.99 | D | 145,533 | 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 | $21.565 | Dec 5, 2017 | M | 30,000 | D | Feb 28, 2011 | Feb 28, 2018 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The reporting person received 9,795 shares of common stock upon the net exercise of the 30,000 stock appreciation rights ("SARS"). The reporting person forfeited 9,516 shares of common stock underlying the SARS in payment of the exercise price and 10,689 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on December 5, 2017 of $67.99.