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HERBALIFE LTD. — Director's Dealing 2023
Jul 10, 2023
32337_dirs_2023-07-10_81a172a9-226d-4d2f-aca8-08ee6bfcecdd.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2023-07-01
Reporting Person: LEVY ROBERT (Regional President - Americas)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 635320 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Rights | $39.79 | 2023-12-19 | Common Stock (39346) | Direct | |
| Stock Appreciation Rights | $29.99 | 2024-04-30 | Common Stock (40030) | Direct | |
| Stock Appreciation Rights | $15.22 | 2025-03-02 | Common Stock (84828) | Direct | |
| Stock Appreciation Rights | $31.255 | 2026-05-09 | Common Stock (43668) | Direct | |
| Stock Appreciation Rights | $28.595 | 2027-02-27 | Common Stock (45902) | Direct | |
| Stock Appreciation Rights | $13.60 | 2033-05-04 | Common Stock (80049) | Direct |
Footnotes
F1: Balance includes 112,152 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 3,362 were granted on February 19, 2021, of which 20% vested on February 19, 2022, 20% vested on February 19, 2023, and 60% will vest on February 19, 2024; 4,436 were granted on February 25, 2022, of which 20% vested on February 25, 2023, 20% will vest on February 25, 2024, and 60% will vest on February 25, 2025; 94,637 were granted on December 9, 2022 and will vest 100% on December 9, 2024; 11,948 were granted on May 4, 2023, that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026.
All RSU vestings are subject to continued service through each applicable date.
Balance also includes 142,740 vested RSUs previously granted to the Reporting Person, which he has elected to defer.
F2: These stock appreciation rights were fully vested as of June 21, 2016.
F3: These stock appreciation rights were fully vested as of April 30, 2017.
F4: These stock appreciation rights were fully vested as of March 2, 2018.
F5: These stock appreciation rights were fully vested as of May 9, 2019.
F6: These stock appreciation rights were fully vested as of February 27, 2020.
F7: On May 4, 2023, the reporting person was granted 80,049 stock appreciation rights that will vest in 1/3 increments on May 4, 2024, May 4, 2025, and May 4, 2026.