Chiu Shin-Shing Bosco 4
4 · HERBALIFE NUTRITION LTD. · Filed Feb 25, 2019
Insider Transaction Report
Form 4
Chiu Shin-Shing Bosco
Principal Accounting Officer
Transactions
- Award
Common Stock
2019-02-21+2,895→ 25,523 total - Award
Stock Appreciation Rights
2019-02-22+9,270→ 15,450 totalExercise: $31.25From: 2019-05-09Exp: 2026-05-09→ Common Stock (9,270 underlying) - Award
Stock Appreciation Rights
2019-02-22+3,248→ 6,496 totalExercise: $28.59From: 2019-02-27Exp: 2027-02-27→ Common Stock (3,248 underlying)
Footnotes (4)
- [F1]Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. 2014 Stock Incentive Plan. The RSUs will vest 20% on February 21, 2020, 20% on February 21, 2021, and 60% on February 21, 2022, subject to continued service through each applicable date.
- [F2]Reflects 11,314 additional shares of common stock, after giving effect to the Issuer's 2-for-1 stock split on May 14, 2018.
- [F3]On May 9, 2016, the Reporting Person was granted an award of 15,450 performance stock appreciation rights ("PSARs"), which number reflects the Issuer's 2-for-1 stock split on May 14, 2018. The amount and timing of the vesting of these PSARs is dependent upon achievement by the Issuer of certain performance criteria for each of fiscal 2016, 2017 and 2018. As the performance criteria for 2018 has been satisfied, 9,270 PSARs will vest on May 9, 2019, subject to continued service through each applicable date.
- [F4]On February 27, 2017, the Reporting Person was granted an award of 16,242 PSARs, which number reflects the Issuer's 2-for-1 stock split on May 14, 2018. The amount and timing of the vesting of these PSARs is dependent upon achievement by the Issuer of certain performance criteria for each of fiscal 2017, 2018 and 2019. As the performance criteria for 2018 has been satisfied, 3,248 PSARs will vest on February 27, 2019, subject to continued service through each applicable date.