4//SEC Filing
Lamberti Frank 4
Accession 0001209191-18-013691
CIK 0001180262other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 9:19 PM ET
Size
15.7 KB
Accession
0001209191-18-013691
Insider Transaction Report
Form 4
Lamberti Frank
Chief Commercial Officer
Transactions
- Award
Stock Appreciation Rights
2018-02-22+8,442→ 14,070 totalExercise: $30.44From: 2018-03-02Exp: 2025-03-02→ Common Stock (8,442 underlying) - Award
Stock Appreciation Rights
2018-02-22+1,567→ 3,134 totalExercise: $54.75From: 2018-02-28Exp: 2026-02-28→ Common Stock (1,567 underlying) - Award
Common Stock
2018-02-26+1,882→ 11,164 total - Award
Stock Appreciation Rights
2018-02-22+3,359→ 6,718 totalExercise: $62.51From: 2018-05-09Exp: 2026-05-09→ Common Stock (3,359 underlying) - Award
Stock Appreciation Rights
2018-02-22+3,531→ 3,531 totalExercise: $57.19From: 2018-02-27Exp: 2027-02-27→ Common Stock (3,531 underlying)
Footnotes (5)
- [F1]Consists of restricted stock units ("RSU") under the Herbalife Ltd. 2014 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of Herbalife Ltd. common stock on vesting. This award will vest 20% each on February 26, 2019 and February 26, 2020, and 60% on February 26, 2021.
- [F2]On March 2, 2015, the reporting person was granted an award of 14,070 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 2015, 2016 and 2017. The performance criteria for 2017 was met, resulting in 8,442 which will vest on March 2, 2018.
- [F3]On February 28,2016, the reporting person was granted an award of 7,837 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 2015, 2016 and 2017. The performance criteria for 2017 was met, resulting in 1,567 SARs which will vest on February 28, 2018.
- [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 2017 was met, resulting in 3,359 SARs which will vest on May 9, 2018.
- [F5]On February 27, 2017, the reporting person was granted an award of 17,655 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 2017, 2018 and 2019. The performance criteria for 2017 was met, resulting in 3,531 SARs which will vest on February 27, 2018.
Documents
Issuer
HERBALIFE LTD.
CIK 0001180262
Entity typeother
Related Parties
1- filerCIK 0001661501
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 9:19 PM ET
- Size
- 15.7 KB