SEC Form 4 · accession 0001209191-18-029011
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan L Hoffman
Officer — EVP, Global Corporate Affairs
Period of report
May 7, 2018
Accepted (ET)
May 9, 2018 · 7:06 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 7, 2018 | S | 26,157 | $112.96 | D | 1,882 | D | |
| Common Stock | May 7, 2018 | M | 75,448 | $30.44 | A | 77,330 | D | |
| Common Stock | May 7, 2018 | D | 20,332 | $112.96 | D | 56,998 | D | |
| Common Stock | May 7, 2018 | F | 27,328 | $112.96 | D | 29,670 | 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 | May 7, 2018 | M | 75,448 | D | Mar 2, 2018 | Mar 2, 2025 | Common Stock | 75,448 | 26,508 | D |
Explanation of responses
- F1The reporting person received 27,788 shares of common stock upon the net exercise of 75,448 stock appreciation rights ("SARS"). The reporting person forfeited 20,332 shares of common stock underlying the SARS in payment of the exercise price and 27,328 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on May 7, 2018 of $112.96.