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HERBALIFE LTD. — Director's Dealing 2016
May 13, 2016
32337_dirs_2016-05-13_84281dcc-c213-4796-9016-ba88c549aece.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: 2016-03-02
Reporting Person: JOHNSON MICHAEL (Director, Chairman & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-02 | Stock Appreciation Rights | $30.44 | A | 81566 | Acquired | 2025-03-02 | Common Stock (81566) | Direct |
| 2016-04-30 | Stock Appreciation Rights | $59.98 | A | 38491 | Acquired | 2024-04-30 | Common Stock (38491) | Direct |
Footnotes
F1: On March 2, 2015, the reporting person was granted an award of 407,830 stock appreciation rights ("SARs"). The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria was met in 2015, resulting in the vesting of 81,566 SARs.
F2: On April 30, 2014, the reporting person was granted an award of 192,455 SARs. The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2014, 2015 and 2016. The performance criteria was met in 2015, resulting in the vesting of 38,491 SARs.