SEC Form 4 · accession 0001209191-18-006195
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 29, 2018
Accepted (ET)
Jan 31, 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 29, 2018 | M | 10,000 | $44.79 | A | 10,000 | D | |
| Common Stock | Jan 29, 2018 | D | 5,378 | $83.29 | D | 4,622 | D | |
| Common Stock | Jan 29, 2018 | F | 1,600 | $83.29 | D | 3,022 | D | |
| Common Stock | Jan 31, 2018 | S | 3,022 | $83.50 | 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 | $44.79 | Jan 29, 2018 | M | 10,000 | D | May 31, 2015 | May 31, 2022 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2017.
- F2The reporting person received 3,022 shares of common stock upon the net exercise of 10,000 stock appreciation rights ("SARs"). The reporting person forfeited 5,378 shares of common stock underlying such SARS in payment of the exercise price and 1,600 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 29, 2018 of $83.29.