SEC Form 4 · accession 0001209191-18-017544
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pedro Cardoso
Director
Period of report
Feb 28, 2018
Accepted (ET)
Mar 6, 2018 · 7:55 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 28, 2018 | M | 5,452 | $53.29 | A | 21,323 | D | |
| Common Stock | Feb 28, 2018 | D | 3,155 | $92.10 | D | 18,168 | 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 | $53.29 | Feb 28, 2018 | M | 5,452 | D | May 18, 2012 | May 18, 2018 | Common Stock | 5,452 | 0 | D |
Explanation of responses
- F1The reporting person received 2,297 shares of common stock upon the net exercise of the 5,452 stock appreciation rights ("SARs"). The reporting person forfeited 3,155 shares of common stock underlying SARs in payment of the exercise price using the closing stock price on February 28, 2018 of $92.10.