SEC Form 4 · accession 0001209191-18-004878
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
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 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 | Jan 19, 2018 | M | 6,038 | $22.94 | A | 6,038 | D | |
| Common Stock | Jan 19, 2018 | D | 1,899 | $72.97 | D | 4,139 | D | |
| Common Stock | Jan 19, 2018 | F | 1,521 | $72.97 | D | 2,618 | D | |
| Common Stock | Jan 23, 2018 | S | 2,618 | $74.87 | 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 | $22.94 | Jan 19, 2018 | M | 6,038 | D | May 7, 2013 | May 7, 2020 | Common Stock | 6,038 | 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 2,618 shares of common stock upon the net exercise of 6,038 stock appreciation rights ("SARs"). The reporting person forfeited 1,899 shares of common stock underlying such SARS in payment of the exercise price and 1,521 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 19, 2018 of $72.97.