Filing Details
- Accession Number:
- 0001209191-10-013753
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-03-02 12:00:00
- Reporting Period:
- 2010-02-28
- Filing Date:
- 2010-03-02
- Accepted Time:
- 2010-03-02 20:01:26
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1180262 | Herbalife Ltd. | HLF | Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1311173 | Michael Johnson | 800 W. Olympic Boulevard, #406 Los Angeles CA 90015 | Chairman & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2010-02-28 | 5,570 | $40.05 | 356,654 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2010-03-01 | 19,123 | $3.52 | 375,777 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2010-03-01 | 102,939 | $10.56 | 478,716 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-03-01 | 96,773 | $40.03 | 381,943 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Non-Qualified Stock Option (Right To Buy) | Disposition | 2010-03-01 | 19,123 | $0.00 | 19,123 | $3.52 |
| Common Shares | Non-Qualified Stock Option (Right To Buy) | Disposition | 2010-03-01 | 102,939 | $0.00 | 102,939 | $10.56 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-04-03 | No | 4 | M | Direct | |
| 488,246 | 2013-04-03 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 56,561 | Indirect | Beneficially owned through Michael O. Johnson IRA |
Footnotes
- Pursuant to the Issuer's 2005 Stock Incentive Plan and the terms of the related award agreement, shares of the Issuer's common stock are issued to the Reporting Person as his restricted stock units vest, with a portion of the newly issued shares automatically withheld by the Issuer to satisfy the resulting withholding tax obligation. This Statement of Changes of Beneficial Ownership has been filed to reflect that withholding of shares due to a recent vesting of restricted stock units held by the Reporting Person. The withholding of the newly issued shares occurred automatically upon the vesting of the restricted stock units, and as such, no investment decision was made by the Reporting Person in connection with this transfer.
- Sale made pursuant to a pre-existing 10b5-1(c) trading plan publicly disclosed by the Issuer on November 9, 2009, under the headline "Herbalife Chairman and CEO Implements Orderly Stock Trading Plan; Will Retain Half of Net Proceeds in Company Stock."
- This transaction was executed in multiple trades at prices ranging from $39.66 to $40.58. 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.
- Consists of Non-Qualified Stock Options granted under the Herbalife Ltd. 2004 Stock Incentive Plan. These options were fully vested on June 30, 2008.
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