SEC Form 4 · accession 0001209191-18-023709

HERBALIFE LTD. · HLF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Thomas Harms

Officer — SVP, China & APAC

Period of report

Apr 2, 2018

Accepted (ET)

Apr 4, 2018 · 4:45 pm EDT

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
Common Stock	Apr 2, 2018	M	9,176	$30.44	A	13,810	D
Common Stock	Apr 2, 2018	D	2,869	$97.38	D	10,941	D
Common Stock	Apr 2, 2018	F	3,128	$97.38	D	7,813	D
Common Stock	Apr 2, 2018	M	6,639	$59.98	A	14,452	D
Common Stock	Apr 2, 2018	D	4,090	$97.38	D	10,362	D
Common Stock	Apr 2, 2018	F	1,265	$97.38	D	9,097	D
Common Stock	Apr 2, 2018	M	11,803	$44.79	A	20,900	D
Common Stock	Apr 2, 2018	D	5,429	$97.38	D	15,471	D
Common Stock	Apr 2, 2018	F	3,161	$97.38	D	12,310	D
Common Stock	Apr 2, 2018	M	4,167	$53.29	A	16,477	D
Common Stock	Apr 2, 2018	D	2,281	$97.38	D	14,196	D
Common Stock	Apr 2, 2018	F	684	$97.38	D	13,512	D
Common Stock	Apr 2, 2018	M	5,032	$22.94	A	18,544	D
Common Stock	Apr 2, 2018	D	1,186	$97.38	D	17,358	D
Common Stock	Apr 2, 2018	F	1,331	$97.38	D	16,027	D
Common Stock	Apr 4, 2018	S	11,393	$95.98	D	4,634	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Appreciation Right	$30.44	Apr 2, 2018	M	9,176	D	Mar 2, 2018	Mar 2, 2025	Common Stock	9,176	D
Stock Appreciation Right	$59.98	Apr 2, 2018	M	6,639	D	Apr 30, 2017	Apr 30, 2024	Common Stock	6,639	D
Stock Appreciation Right	$44.79	Apr 2, 2018	M	11,803	D	May 31, 2015	May 31, 2022	Common Stock	11,803	D
Stock Appreciation Right	$53.29	Apr 2, 2018	M	4,167	D	May 18, 2014	May 18, 2021	Common Stock	4,167	D
Stock Appreciation Right	$22.94	Apr 2, 2018	M	5,032	D	May 7, 2010	May 7, 2020	Common Stock	5,032	D

Explanation of responses

F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2018.
F2The reporting person received 3,179 shares of common stock upon the net exercise of 9,176 stock appreciation rights ("SARs"). The reporting person forfeited 2,869 shares of common stock underlying such SARs in payment of the exercise price and 3,128 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on April 2, 2018 of $97.38.
F3The reporting person received 1,284 shares of common stock upon the net exercise of 6,639 SARs. The reporting person forfeited 4,090 shares of common stock underlying such SARs in payment of the exercise price and 1,265 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on April 2, 2018, of $97.38.
F4The reporting person received 3,213 shares of common stock upon the net exercise of 11,803 SARs. The reporting person forfeited 5,429 shares of common stock underlying such SARs in payment of the exercise price and 3,161 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on April 2, 2018, of $97.38.
F5The reporting person received 1,202 shares of common stock upon the net exercise of 4,167 SARs. The reporting person forfeited 2,281 shares of common stock underlying such SARs in payment of the exercise price and 684 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on April 2, 2018, of $97.38.
F6The reporting person received 2,515 shares of common stock upon the net exercise of 5,032 SARs. The reporting person forfeited 1,186 shares of common stock underlying such SARs in payment of the exercise price and 1,331 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on April 2, 2018, of $97.38.