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HERBALIFE LTD. — Director's Dealing 2017
Feb 27, 2017
32337_dirs_2017-02-27_3dfc35ff-279f-4056-bd2c-09c5e4ea1bdd.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: 2017-02-23
Reporting Person: Hienrich Edi (SVP/Managing Director EMEA)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-23 | Stock Appreciation Rights | $59.98 | A | 11547 | Acquired | 2024-04-30 | Common Stock (11547) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $30.44 | A | 6525 | Acquired | 2025-03-02 | Common Stock (6525) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $47.80 | A | 2500 | Acquired | 2025-05-07 | Common Stock (2500) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $62.51 | A | 3359 | Acquired | 2026-05-09 | Common Stock (3359) | Direct |
Footnotes
F1: On April 30, 2014, the reporting person was granted an award of 19,245 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 11,547 SARs which will vest on April 30, 2017.
F2: On March 2, 2015, the reporting person was granted an award of 32,626 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 6,525 SARs which will vest on March 2, 2017.
F3: On May 7, 2015, the reporting person was granted an award of 12,500 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 2,500 SARs which will vest on May 7, 2017.
F4: On May 9, 2016, the reporting person was granted an award of 16,795 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 3,359 SARs which will vest on May 9, 2017.