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HERBALIFE LTD. — Director's Dealing 2010
Aug 6, 2010
32337_dirs_2010-08-06_52b87dbb-9d79-4c8b-83e5-ef27c002feb8.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: 2010-08-04
Reporting Person: GOUDIS RICHARD (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-04 | Common Stock | M | 10000 | $8.02 | Acquired | 175833 | Direct |
| 2010-08-04 | Common Stock | M | 10000 | $12.00 | Acquired | 185833 | Direct |
| 2010-08-04 | Common Stock | M | 10000 | $16.00 | Acquired | 195833 | Direct |
| 2010-08-04 | Common Stock | M | 10000 | $20.00 | Acquired | 205833 | Direct |
| 2010-08-04 | Common Stock | M | 10000 | $24.00 | Acquired | 215833 | Direct |
| 2010-08-04 | Common Stock | M | 7500 | $17.00 | Acquired | 223333 | Direct |
| 2010-08-04 | Common Stock | M | 7500 | $21.00 | Acquired | 230833 | Direct |
| 2010-08-04 | Common Stock | M | 7500 | $25.00 | Acquired | 238333 | Direct |
| 2010-08-04 | Common Stock | M | 13500 | $14.00 | Acquired | 251833 | Direct |
| 2010-08-04 | Common Stock | M | 750 | $9.00 | Acquired | 252583 | Direct |
| 2010-08-04 | Common Stock | M | 750 | $13.00 | Acquired | 253333 | Direct |
| 2010-08-04 | Common Stock | M | 100000 | $15.50 | Acquired | 353333 | Direct |
| 2010-08-04 | Common Stock | S | 229378 | $54.35 | Disposed | 123955 | Direct |
| 2010-08-04 | Common Stock | S | 28522 | $55.40 | Disposed | 95433 | Direct |
| 2010-08-04 | Common Stock | S | 4600 | $56.22 | Disposed | 90833 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $8.02 | M | 10000 | Disposed | 2014-06-14 | Common Stock (10000) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $12.00 | M | 10000 | Disposed | 2014-06-14 | Common Stock (10000) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $16.00 | M | 10000 | Disposed | 2014-06-14 | Common Stock (10000) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $20.00 | M | 10000 | Disposed | 2014-06-14 | Common Stock (10000) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $24.00 | M | 10000 | Disposed | 2014-06-14 | Common Stock (10000) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $17.00 | M | 7500 | Disposed | 2014-09-01 | Common Stock (7500) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $21.00 | M | 7500 | Disposed | 2014-09-01 | Common Stock (7500) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $25.00 | M | 7500 | Disposed | 2014-09-01 | Common Stock (7500) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $14.00 | M | 13500 | Disposed | 2014-09-01 | Common Stock (13500) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $9.00 | M | 750 | Disposed | 2014-09-01 | Common Stock (750) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $13.00 | M | 750 | Disposed | 2014-09-01 | Common Stock (750) | Direct |
| 2010-08-04 | Non-Qualified Stock Option (Right to Buy) | $15.50 | M | 100000 | Disposed | 2014-12-01 | Common Stock (100000) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2010.
F2: This transaction was executed in multiple trades at prices ranging from $53.82 to $54.82. The price reported reflects the weighted average sale price of $54.35. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed in multiple trades at prices ranging from $54.83 to $55.75. The price reported reflects the weighted average sale price of $55.40. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was
effected.
F4: This transaction was executed in multiple trades at prices ranging from $55.88 to $56.49. The price reported reflects the weighted average sale price of $56.22. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was
effected.
F5: Consists of Non-Qualified Stock Options granted under the Herbalife Ltd. 2004 Stock Incentive Plan. The options vested quarterly in 5% increments from 06/30/2004 until 06/30/2009.
F6: Consists of Non-Qualified Stock Options granted under the Herbalife Ltd. 2004 Stock Incentive Plan. The options vested quarterly in 5% increments from 09/30/2004 until 09/30/2009.
F7: Consists of Non-Qualified Stock Options granted under the Herbalife Ltd. 2004 Stock Incentive Plan. The options vested in one-third increments on 12/01/2007, 12/01/2008 and 12/01/2009.