SEC Form 4 · accession 0001209191-18-005565
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Levy
Officer — EVP, The Americas
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:17 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 24, 2018 | M | 33,146 | $21.565 | A | 212,595 | D | |
| Common Stock | Jan 24, 2018 | D | 9,140 | $78.21 | D | 203,455 | D | |
| Common Stock | Jan 24, 2018 | F | 10,046 | $78.21 | D | 193,409 | D | |
| Common Stock | Jan 26, 2018 | S | 6,980 | $78.54 | D | 186,429 | 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 | $21.565 | Jan 24, 2018 | M | 33,146 | D | Feb 28, 2011 | Feb 28, 2018 | Common Stock | 33,146 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 6, 2017.
- F2The reporting person received 13,960 shares of common stock upon the net exercise of 33,146 stock appreciation rights ("SARS"). The reporting person forfeited 9,140 shares of common stock underlying such SARS in payment of the exercise price and 10,046 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 24, 2018 of $78.21.