AI assistant
HERBALIFE LTD. — Director's Dealing 2017
Feb 27, 2017
32337_dirs_2017-02-27_21f422cb-5b30-4eda-bea6-8e571c317678.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2017-02-23
Reporting Person: Walsh Des (President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-23 | Stock Appreciation Rights | $59.98 | A | 50041 | Acquired | 2024-04-30 | Common Stock (50041) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $30.44 | A | 24470 | Acquired | 2025-03-02 | Common Stock (24470) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $47.80 | A | 16650 | Acquired | 2025-05-07 | Common Stock (16650) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $62.51 | A | 12133 | Acquired | 2026-05-09 | Common Stock (12133) | Direct |
Footnotes
F1: On April 30, 2014, the reporting person was granted an award of 83,402 stock appreciation rights ("SARs"). The amount and timing of the vesting of these SARs is dependent upon the achievement by Herbalife Ltd. (the "Company") of certain performance criteria for each of fiscal 2014, 2015 and 2016. The performance criteria for 2016 was met, resulting in 50,041 SARs which will vest on April 30, 2017.
F2: On March 2, 2015, the reporting person was granted an award of 122,349 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria for 2016 was met, resulting in 24,470 SARs which will vest on March 2, 2017.
F3: On May 7, 2015, the reporting person was granted an award of 83,250 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria for 2016 was met, resulting in 16,650 SARs which will vest on May 7, 2017.
F4: On May 9, 2016, the reporting person was granted an award of 60,655 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2016, 2017 and 2018. The performance criteria for 2016 was met, resulting in 12,133 SARs which will vest on May 9, 2017.