SEC Form 4 · accession 0001209191-17-067630
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Harms
Officer — SVP, China & APAC
Period of report
Dec 27, 2017
Accepted (ET)
Dec 29, 2017 · 4:14 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 27, 2017 | M | 1,000 | $21.565 | A | 1,000 | D | |
| Common Stock | Dec 27, 2017 | D | 309 | $70.00 | D | 691 | D | |
| Common Stock | Dec 27, 2017 | F | 261 | $70.00 | D | 430 | D | |
| Common Stock | Dec 27, 2017 | M | 15,000 | $6.82 | A | 15,430 | D | |
| Common Stock | Dec 27, 2017 | D | 1,462 | $70.00 | D | 13,968 | D | |
| Common Stock | Dec 27, 2017 | F | 5,436 | $70.00 | D | 8,532 | D | |
| Common Stock | Dec 29, 2017 | S | 8,532 | $68.49 | 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 Right | $21.565 | Dec 27, 2017 | M | 1,000 | D | Feb 28, 2011 | Feb 28, 2018 | Common Stock | 1,000 | 0 | D |
| Stock Appreciation Right | $6.82 | Dec 27, 2017 | M | 15,000 | D | Feb 27, 2014 | Feb 27, 2019 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2017.
- F2The reporting person received 430 shares of common stock upon the net exercise of 1,000 stock appreciation rights ("SARs"). The reporting person forfeited 309 shares of common stock underlying such SARs in payment of the exercise price and 261 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on December 27, 2017 of $70.00.
- F3The reporting person received 8,102 shares of common stock upon the net exercise of 15,000 SARs. The reporting person forfeited 1,462 shares of common stock underlying such SARs in payment of the exercise price and 5,436 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on December 27, 2017 of $70.00.