SEC Form 4 · accession 0001209191-18-017545
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
Mar 2, 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 StockF1 | Mar 2, 2018 | S | 299 | $92.81 | D | 2,085 | D | |
| Common Stock | Mar 5, 2018 | M | 5,873 | $30.44 | A | 7,958 | D | |
| Common Stock | Mar 5, 2018 | D | 1,897 | $94.72 | D | 6,061 | D | |
| Common Stock | Mar 5, 2018 | F | 1,392 | $94.72 | D | 4,669 | 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 | $30.44 | Feb 2, 2018 | M | 5,873 | D | Mar 2, 2018 | Mar 2, 2025 | Common Stock | 5,873 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $92.82 to $92.79. The price reported reflects the weighted average sale price of $92.81. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2The reporting person received 2,584 shares of common stock upon the net exercise of 5,873 stock appreciation rights ("SARS"). The reporting person forfeited 1,897 shares of common stock underlying the SARS in payment of the exercise price and 1,392 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 5, 2018 of $94.27.