SEC Form 4 · accession 0001209191-18-018327
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Goudis
Officer — Chief Executive Officer
Period of report
Mar 7, 2018
Accepted (ET)
Mar 8, 2018 · 7:26 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 | Mar 7, 2018 | M | 83,333 | $6.82 | A | 264,786 | D | |
| Common Stock | Mar 7, 2018 | D | 5,792 | $98.13 | D | 258,994 | D | |
| Common Stock | Mar 7, 2018 | F | 40,593 | $98.13 | D | 218,401 | 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 | $6.82 | Mar 7, 2018 | M | 83,333 | D | Feb 27, 2014 | Feb 27, 2019 | Common Stock | 83,333 | 0 | D |
Explanation of responses
- F1The reporting person received 36,948 shares of common stock upon the net exercise of 83,333 stock appreciation rights ("SARS"). The reporting person forfeited 5,792 shares of common stock underlying the SARS in payment of the exercise price and 40,593 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 7, 2018 of $98.13.