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HERBALIFE LTD. — Director's Dealing 2010
May 11, 2010
32337_dirs_2010-05-11_3e64ac7b-383a-4725-8901-96cd40fd0455.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2010-05-07
Reporting Person: Walsh Des (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-07 | Common Stock | A | 13655 | $0.00 | Acquired | 75049 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-07 | Stock Appreciation Rights | $45.88 | A | 33183 | Acquired | 2017-05-07 | Common Stock (33183) | Direct |
Footnotes
F1: Consists of restricted stock units granted under the Herbalife Ltd. 2005 Stock Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock on vesting. These units vest on May 7, 2013, unless the Company meets a specified performance target for fiscal 2010, in which case these units will vest in 1/3rd increments on each of the first three annivesaries of the grant date.
F2: Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 20% will vest on May 7, 2011, 20% will vest on May 7, 2012 and the remaining 60% will vest on May 7, 2013.