Sec Form 4 Filing - Hienrich Edi @ HERBALIFE LTD. - 2018-02-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hienrich Edi
2. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [ HLF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP/Managing Director EMEA
(Last) (First) (Middle)
800 W. OLYMPIC BLVD. SUITE 406
3. Date of Earliest Transaction (MM/DD/YY)
02/27/2018
(Street)
LOS ANGELES, CA90015
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/28/2018 M( 1 ) 15,133 A $ 79.58 45,060 D
Common Stock 02/28/2018 D( 1 ) 13,077 D $ 92.1 31,983 D
Common Stock 02/28/2018 F( 1 ) 1,124 D $ 92.1 30,859 D
Common Stock 02/28/2018 M( 2 ) 3,359 A $ 62.51 34,218 D
Common Stock 02/28/2018 D( 2 ) 2,280 D $ 92.1 31,938 D
Common Stock 02/28/2018 F( 2 ) 590 D $ 92.1 31,348 D
Common Stock 03/01/2018 S( 3 ) 15,104 D $ 91.61 ( 4 ) 16,244 D
Common Stock 03/01/2018 S( 3 ) 8,900 D $ 92.32 ( 5 ) 7,344 D
Common Stock 03/01/2018 S 100 D $ 93.06 7,244 D
Common Stock 02/27/2018 M( 6 ) 2,936 A $ 30.44 8,365 I By wife
Common Stock 02/27/2018 D( 6 ) 1,032 D $ 92.1 7,333 I By wife
Common Stock 02/27/2018 F( 6 ) 958 D $ 92.1 6,375 I By wife
Common Stock 02/28/2018 M( 7 ) 2,723 A $ 79.58 9,098 I By wife
Common Stock 02/28/2018 D( 7 ) 2,353 D $ 92.1 6,745 I By wife
Common Stock 02/28/2018 F( 7 ) 187 D $ 92.1 6,558 I By wife
Common Stock 02/28/2018 M( 8 ) 655 A $ 62.51 7,213 I By wife
Common Stock 02/28/2018 D( 8 ) 445 D $ 92.1 6,768 I By wife
Common Stock 02/28/2018 F( 8 ) 106 D $ 92.1 6,662 I By wife
Common Stock 03/01/2018 S( 9 ) 4,985 D $ 92.08 1,677 I By wife
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 $ 79.58 02/28/2018 M( 1 )( 9 ) 15,133 06/21/2016 12/19/2023 Common Stock 15,133 $ 0 0 D
Stock Appreciation Rights $ 62.51 02/28/2018 M( 2 )( 9 ) 3,359 05/09/2017( 10 ) 05/09/2026 Common Stock 3,359 $ 0 13,436 D
Stock Appreciation Rights $ 30.44 02/27/2018 M( 6 )( 9 ) 2,936 03/02/2017( 11 ) 03/02/2025 Common Stock 2,936 $ 0 4,404 I By wife
Stock Appreciation Rights $ 79.58 02/28/2018 M( 7 )( 9 ) 2,723 06/21/2016 12/19/2023 Common Stock 2,723 $ 0 0 I By wife
Stock Appreciation Rights $ 62.51 02/28/2018 M( 8 )( 9 ) 655 05/09/2017( 10 ) 05/09/2026 Common Stock 655 $ 0 2,620 I By wife
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hienrich Edi
800 W. OLYMPIC BLVD. SUITE 406
LOS ANGELES, CA90015
SVP/Managing Director EMEA
Signatures
/s/ Eileen Uy, Attorney-in-Fact for Edi Hienrich 03/01/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person received 932 shares of common stock upon the net exercise of 15,133 stock appreciation rights ("SARs"). The reporting person forfeited 13,077 shares of common stock underlying the SARs in payment of the exercise price and 1,124 shares of common stock underlying the SARs to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.
( 2 )The reporting person received 489 shares of common stock upon the net exercise of 3,359 SARs. The reporting person forfeited 2,280 shares of common stock underlying the SARs in payment of the exercise price and 590 shares of common stock underlying the SARs to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.
( 3 )This transaction includes a sale of 17,493 shares pursuant to reporting persons 10b5-1 plan.
( 4 )This transaction was executed in multiple trades at prices ranging from $90.92 to $91.91. The price reported reflects the weighted average sale price of $91.61. 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.
( 5 )This transaction was executed in multiple trades at prices ranging from $91.92 to $92.90. The price reported reflects the weighted average sale price of $92.32. 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.
( 6 )The reporting person received 946 shares of common stock upon the net exercise of 2,936 SARs. The reporting person forfeited 1,032 shares of common stock underlying the SARs in payment of the exercise price and 958 shares of common stock underlying the SARs to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.
( 7 )The reporting person received 183 shares of common stock upon the net exercise of 2,723 SARs. The reporting person forfeited 2,353 shares of common stock underlying the SARs in payment of the exercise price and 187 shares of common stock underlying the SARs to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.
( 8 )The reporting person received 104 shares of common stock upon the net exercise of 655 SARs. The reporting person forfeited 445 shares of common stock underlying the SARs in payment of the exercise price and 106 shares of common stock underlying the SARs to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.
( 9 )This transaction was effected pursuant to a Rule 10b5-1 trading plan.
( 10 )Consists of SARs granted under the Herbalife Ltd. 2014 Stock Incentive Plan, of which 20% vested May 9, 2016 and 20% will vest May 9, 2017, and the remaining 60% will vest May 9, 2018.
( 11 )Consists of SARs granted under the Herbalife Ltd. 2014 Stock Incentive Plan, of which 20% vested on each of March 2, 2016 and March 2, 2017, and the remaining 60% will vest March 2, 2018.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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