SEC Form 4 · accession 0001209191-18-005568

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 24, 2018

Accepted (ET)

Jan 26, 2018 · 4:18 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
Common Stock	Jan 24, 2018	M	1,000	$27.79	A	1,000	D
Common Stock	Jan 24, 2018	D	356	$78.21	D	644	D
Common Stock	Jan 24, 2018	F	223	$78.21	D	421	D
Common Stock	Jan 24, 2018	M	5,417	$53.29	A	5,838	D
Common Stock	Jan 24, 2018	D	3,691	$78.21	D	2,147	D
Common Stock	Jan 24, 2018	F	597	$78.21	D	1,550	D
Common Stock	Jan 24, 2018	M	2,561	$55.90	A	4,111	D
Common Stock	Jan 24, 2018	D	1,831	$78.21	D	2,280	D
Common Stock	Jan 24, 2018	F	253	$78.21	D	2,027	D
Common Stock	Jan 24, 2018	M	2,295	$44.79	A	4,322	D
Common Stock	Jan 24, 2018	D	1,315	$78.21	D	3,007	D
Common Stock	Jan 24, 2018	F	340	$78.21	D	2,667	D
Common Stock	Jan 26, 2018	S	2,667	$78.54	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	$27.79	Jan 24, 2018	M	1,000	D	Aug 31, 2013	Aug 31, 2020	Common Stock	1,000	0	D
Stock Appreciation Rights	$53.29	Jan 24, 2018	M	5,417	D	May 18, 2014	May 18, 2021	Common Stock	5,417	0	D
Stock Appreciation Rights	$55.90	Jan 24, 2018	M	2,561	D	Dec 1, 2014	Dec 1, 2021	Common Stock	2,561	0	D
Stock Appreciation Rights	$44.79	Jan 24, 2018	M	2,295	D	May 31, 2015	May 31, 2022	Common Stock	2,295	10,000	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 421 shares of common stock upon the net exercise of 1,000 stock appreciation rights ("SARs"). The reporting person forfeited 356 shares of common stock underlying such SARS in payment of the exercise price and 223 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.
F3The reporting person received 1,129 shares of common stock upon the net exercise of 5,417 SARs. The reporting person forfeited 3,691 shares of common stock underlying such SARS in payment of the exercise price and 597 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.
F4The reporting person received 477 shares of common stock upon the net exercise of 2,561 SARs. The reporting person forfeited 1,831 shares of common stock underlying such SARS in payment of the exercise price and 253 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.
F5The reporting person received 640 shares of common stock upon the net exercise of 2,295 SARs. The reporting person forfeited 1,315 shares of common stock underlying such SARS in payment of the exercise price and 340 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.