| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [ HLF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/13/2010 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 08/13/2010 | S | 1,542 | D | $55.08(1) | 11,313 | D | |||
| Common Stock | 08/13/2010 | M | 2,604 | A | $32.79 | 13,917 | D | |||
| Common Stock | 08/13/2010 | M | 4,410 | A | $40.25 | 18,327 | D | |||
| Common Stock | 08/13/2010 | M | 1,160 | A | $43.13 | 19,487 | D | |||
| Common Stock | 08/13/2010 | D | 1,940 | D | $54.55 | 17,547 | D | |||
| Common Stock | 08/13/2010 | D | 3,670 | D | $54.55 | 13,877 | D | |||
| Common Stock | 08/13/2010 | D | 1,006 | D | $54.55 | 12,871 | D | |||
| Common Stock | 08/16/2010 | M | 800 | A | $15 | 13,671 | D | |||
| Common Stock | 08/16/2010 | S | 800 | D | $55 | 12,871 | D | |||
| Common Stock | 08/17/2010 | S | 1,558 | D | $57 | 11,223 | D | |||
| Common Stock | 08/13/2010 | M | 3,906 | A | $32.79 | 6,326 | I | By Wife | ||
| Common Stock | 08/13/2010 | M | 3,500 | A | $40.25 | 9,826 | I | By Wife | ||
| Common Stock | 08/13/2010 | M | 5,000 | A | $40.98 | 14,826 | I | By Wife | ||
| Common Stock | 08/13/2010 | M | 1,200 | A | $43.13 | 16,026 | I | By Wife | ||
| Common Stock | 08/13/2010 | D | 2,909 | D | $54.55 | 13,117 | I | By Wife | ||
| Common Stock | 08/13/2010 | D | 2,913 | D | $54.55 | 10,204 | I | By Wife | ||
| Common Stock | 08/13/2010 | D | 4,205 | D | $54.55 | 5,999 | I | By Wife | ||
| Common Stock | 08/13/2010 | D | 1,040 | D | $54.55 | 4,959 | I | By Wife | ||
| Common Stock | 08/13/2010 | S | 1,403 | D | $55 | 3,556 | I | By Wife | ||
| Common Stock | 08/17/2010 | S | 2,539 | D | $57.35(2) | 1,017 | I | By Wife | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Appreciation Rights | $32.79 | 08/13/2010 | M | 2,604 | (3) | 03/23/2016 | Common Stock | 2,604 | $0.00 | 434 | D | ||||
| Stock Appreciation Rights | $40.25 | 08/13/2010 | M | 4,410 | (4) | 05/29/2017 | Common Stock | 4,410 | $0.00 | 0 | D | ||||
| Stock Appreciation Rights | $43.13 | 08/13/2010 | M | 1,160 | (5) | 02/28/2018 | Common Stock | 1,160 | $0.00 | 1,740 | D | ||||
| Stock Appreciation Rights | $32.79 | 08/13/2010 | M | 3,906 | (3) | 03/23/2016 | Common Stock | 3,906 | $0.00 | 434 | I | By Wife | |||
| Stock Appreciation Rights | $40.25 | 08/13/2010 | M | 3,500 | (4) | 05/29/2017 | Common Stock | 3,500 | $0.00 | 0 | I | By Wife | |||
| Stock Appreciation Rights | $40.98 | 08/13/2010 | M | 5,000 | (6) | 07/31/2017 | Common Stock | 5,000 | $0.00 | 0 | I | By Wife | |||
| Stock Appreciation Rights | $43.13 | 08/13/2010 | M | 1,200 | (5) | 02/28/2018 | Common Stock | 1,200 | $0.00 | 1,800 | I | By Wife | |||
| Non-Qualified Stock Option (Right to Buy) | $15 | 08/16/2010 | M | 800 | (7) | 04/27/2015 | Common Stock | 800 | $0.00 | 0 | D | ||||
| Explanation of Responses: |
| 1. This transaction was executed in multiple trades at prices ranging from $55.07 to $55.13. The price reported 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. |
| 2. This transaction was executed in multiple trades at prices ranging from $57.35 to $57.36. The price reported 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. |
| 3. These stock appreciation rights vest in 5% increments on each of March 31, 2006 and the last day of each subsequent calendar quarter thereafter until fully vested on December 31, 2010. |
| 4. These stock appreciation rights vested as to 20% on May 29, 2008, as to 20% on May 29, 2009, and as to the remaining 60% on May 29, 2010. |
| 5. These stock appreciation rights vested as to 20% on February 28, 2009 and as to 20% on February 28, 2010, and will vest as to the remaining 60% on February 28, 2011. |
| 6. These stock appreciation rights vested as to 20% on July 31, 2008, as to 20% on July 31, 2009, and as to the remaining 60% on July 31, 2010. |
| 7. These stock appreciation vested in 5% increments on each of June 30, 2005 and the last day of the nineteen subsequent calendar quarters until fully vested on June 30, 2010. |
| Remarks: |
| Edi Hienrich by Brett R. Chapman, Attorney-in-Fact | 08/17/2010 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||