SEC Form 4 · accession 0001209191-17-065419
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shin-Shing Bosco Chiu
Officer — Principal Accounting Officer
Period of report
Dec 11, 2017
Accepted (ET)
Dec 13, 2017 · 4:15 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 11, 2017 | M | 5,000 | $6.82 | A | 5,000 | D | |
| Common Stock | Dec 11, 2017 | D | 489 | $69.81 | D | 4,511 | D | |
| Common Stock | Dec 11, 2017 | F | 2,131 | $69.81 | D | 2,380 | D | |
| Common Stock | Dec 13, 2017 | S | 2,380 | $69.98 | D | 0 | 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 | $6.82 | Dec 11, 2017 | M | 5,000 | D | Feb 27, 2012 | Feb 27, 2019 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2017.
- F2The reporting person received 2,380 shares of common stock upon the net exercise of 5,000 stock appreciation rights ("SARs"). The reporting person forfeited 489 shares of common stock underlying such SARS in payment of the exercise price and 2,131 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on December 11, 2017 of $69.81.