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HERBALIFE LTD. — Director's Dealing 2011
May 17, 2011
32337_dirs_2011-05-17_67b18bfa-8f8c-4bb3-87ed-c2fcca3b1300.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: 2011-05-13
Reporting Person: Hienrich Edi (SVP/Managing Director EMEA)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-13 | Common Stock | S | 2802 | $106.86 | Disposed | 7901 | Direct |
| 2011-05-13 | Common Stock | M | 3600 | $15.00 | Acquired | 4271 | Indirect |
| 2011-05-13 | Common Stock | S | 3600 | $106.98 | Disposed | 671 | Indirect |
| 2011-05-13 | Common Stock | M | 2478 | $45.88 | Acquired | 10379 | Direct |
| 2011-05-13 | Common Stock | D | 1716 | $106.75 | Disposed | 8663 | Direct |
| 2011-05-13 | Common Stock | M | 1800 | $43.13 | Acquired | 2471 | Indirect |
| 2011-05-13 | Common Stock | D | 1222 | $106.75 | Disposed | 1249 | Indirect |
| 2011-05-13 | Common Stock | M | 434 | $32.79 | Acquired | 1683 | Indirect |
| 2011-05-13 | Common Stock | D | 273 | $106.75 | Disposed | 1410 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-13 | Non-Qualified Stock Option (Right to Buy) | $15.00 | M | 3600 | Disposed | 2015-04-27 | Common Stock (3600) | Indirect |
| 2011-05-13 | Stock Appreciation Rights | $45.88 | M | 2478 | Disposed | 2020-05-07 | Common Stock (2478) | Direct |
| 2011-05-13 | Stock Appreciation Rights | $43.13 | M | 1800 | Disposed | 2018-02-28 | Common Stock (1800) | Indirect |
| 2011-05-13 | Stock Appreciation Rights | $32.79 | M | 434 | Disposed | 2006-03-23 | Common Stock (434) | Indirect |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $106.84 to $106.95. 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.
F2: These options were fully vested as of March 30, 2010.
F3: Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 20% vested on May 7, 2011, 20% will vest on May 7, 2012 and the remaining 60% will vest on May 7, 2013.
F4: These stock appreciation rights were fully vested as of February 28, 2011.
F5: These stock appreciation rights were fully vested as of December 31, 2010.