SEC Form 4 · accession 0001209191-18-004881
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
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 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 | Jan 19, 2018 | M | 6,000 | $6.82 | A | 6,000 | D | |
| Common Stock | Jan 19, 2018 | D | 561 | $72.97 | D | 5,439 | D | |
| Common Stock | Jan 19, 2018 | F | 1,969 | $72.97 | D | 3,470 | D | |
| Common Stock | Jan 23, 2018 | S | 3,470 | $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 Right | $6.82 | Jan 19, 2018 | M | 6,000 | D | Feb 27, 2012 | Feb 27, 2019 | Common Stock | 6,000 | 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 3,470 shares of common stock upon the net exercise of 6,000 SARs. The reporting person forfeited 561 shares of common stock underlying such SARs in payment of the exercise price and 1,969 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.