SEC Form 4 · accession 0001209191-18-014703
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jesus Alvarez
Officer — VP, General Manager, Mexico
Period of report
Feb 27, 2018
Accepted (ET)
Feb 28, 2018 · 7:19 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 | Feb 27, 2018 | M | 918 | $57.19 | A | 3,100 | D | |
| Common Stock | Feb 27, 2018 | D | 606 | $86.64 | D | 2,494 | D | |
| Common Stock | Feb 27, 2018 | F | 110 | $86.64 | D | 2,384 | 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 | $57.19 | Feb 27, 2018 | M | 918 | D | Feb 27, 2018 | Feb 27, 2027 | Common Stock | 918 | 0 | D |
Explanation of responses
- F1The reporting person received 202 shares of common stock upon the net exercise of 918 stock appreciation rights ("SARS"). The reporting person forfeited 606 shares of common stock underlying the SARS in payment of the exercise price and 110 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 27, 2018 of $86.64.