SEC Form 4 · accession 0001209191-18-013689
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Johnson
Officer — Executive Chairman · Director
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 9:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180262
Table I — non-derivative securities
No Table I lines on this filing.
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 | $30.44 | Feb 22, 2018 | A | 244,698 | A | Mar 2, 2018 | Mar 2, 2025 | Common Stock | 244,698 | 407,830 | D |
| Stock Appreciation Rights | $47.80 | Feb 22, 2018 | A | 33,591 | A | May 9, 2018 | May 9, 2026 | Common Stock | 33,591 | 67,182 | D |
| Stock Appreciation Rights | $57.19 | Feb 22, 2018 | A | 17,655 | A | Feb 27, 2018 | Feb 27, 2027 | Common Stock | 17,655 | 17,655 | D |
Explanation of responses
- F1On March 2, 2015, the reporting person was granted an award of 407,830 stock appreciation rights ("SARs"). The amount and timing of the vesting of these SARs is dependent upon the achievement by Herbalife Ltd. (the "Company") of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria for 2017 was met, resulting in 244,698 SARs which will vest on March 2, 2018.
- F2On May 9, 2016, the reporting person was granted an award of 167,954 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2016, 2017 and 2018. The performance criteria for 2017 was met, resulting in 33,951 SARs which will vest on May 9, 2018.
- F3On February 27, 2017, the reporting person was granted an award of 88,276 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2017, 2018 and 2019. The performance criteria for 2017 was met, resulting in 17,655 SARs which will vest on February 27, 2018.