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HERBALIFE LTD. — Director's Dealing 2010
Dec 2, 2010
32337_dirs_2010-12-02_3e6e68bf-54a1-4d04-8437-95693bd7b644.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: 2010-11-30
Reporting Person: JOHNSON MICHAEL (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-30 | Common Stock | A | 692 | $0.00 | Acquired | 340320 | Direct |
| 2010-12-01 | Common Stock | M | 122061 | $10.56 | Acquired | 462381 | Direct |
| 2010-12-01 | Common Stock | S | 86585 | $69.19 | Disposed | 375796 | Direct |
| 2010-12-01 | Common Stock | S | 9100 | $69.99 | Disposed | 366696 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-01 | Non-Qualified Stock Options (Right to Buy) | $10.56 | M | 122061 | Disposed | 2013-04-03 | Common Stock (122061) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 55000 | Indirect |
| Common Stock | 55000 | Indirect |
| Common Stock | 56561 | Indirect |
Footnotes
F1: Consists of dividend equivalents accrued with respect to previous awards of restricted stock units granted under the Herbalife Ltd. 2005 Stock Incentive Plan.
F2: Sales made pursuant to a pre-existing 10b5-1(c) trading plan publicly disclosed by the Issuer on November 9, 2009, under the headline "Herbalife Chairman and CEO Implements Orderly Stock Trading Plan; Will Retain Half of Net Proceeds in Company Stock."
F3: This transaction was executed in multiple trades at prices ranging from $68.77 to $69.75. The price reported above reflects the weighted average sale price. 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 $69.78 to $70.29. The price reported above reflects the weighted average sale price. 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: These options were fully vested as of June 30, 2008.