SEC Form 4 · accession 0001209191-18-029599
HERBALIFE LTD. · HLF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry C Wang
Officer — EVP, General Counsel
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 4:46 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 9, 2018 | M | 1,506 | $62.51 | A | 3,388 | D | |
| Common Stock | May 9, 2018 | D | 847 | $111.17 | D | 2,541 | D | |
| Common Stock | May 9, 2018 | F | 327 | $111.17 | D | 2,214 | D | |
| Common Stock | May 11, 2018 | S | 332 | $111.46 | D | 1,882 | 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 RightsF3 | $62.51 | May 9, 2018 | M | 1,506 | D | — | May 9, 2026 | Common Stock | 1,506 | 4,520 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2017.
- F2The reporting person received 332 shares of common stock upon the net exercise of 1,506 stock appreciation rights ("SARS"). The reporting person forfeited 847 shares of common stock underlying the SARS in payment of the exercise price and 327 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on May 9, 2018 of $111.17.
- F3On May 9, 2016, the reporting person was granted 7,532 SARs. These SARs vested 20% on each of May 9, 2017 and May 9, 2018, and the remaining 60% will vest on May 9, 2019.