SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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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1. Name and Address of Reporting Person*
Hicks Troy

(Last) (First) (Middle)
800 WEST OLYMPIC BLVD.
SUITE 406

(Street)
LOS ANGELES CA 90015

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/31/2024
3. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [ HLF ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 57,809(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Rights (2) 05/04/2033 Common Stock 131,773 13.6 D
Stock Appreciation Rights (3) 05/03/2034 Common Stock 98,684 9.58 D
Explanation of Responses:
1. Balance includes 33,843 unvested restricted stock units ("RSUs") previously granted to the Reporting Person, of which: 3,768 will vest on February 25, 2025, 5,653 will vest on May 3, 2025, 6,556 will vest on May 4, 2025, 5,654 will vest on May 3, 2026, 6,557 will vest on May 4, 2026, and 5,655 will vest on May 3, 2027. All RSU vestings are subject to continued service through each applicable date.
2. On May 4, 2023, the reporting person was granted 131,773 stock appreciation rights ("SARs") of which 1/3 has vested, and 1/3 will vest on May 4, 2025, and May 4, 2026.
3. On May 3, 2024, the reporting person was granted 98,684 SARs of which 1/3 will vest on May 3 2025, May 3, 2026, and May 3, 2027.
Alaaeddine Sahibi, as Attorney-In-Fact for Troy Hicks 06/10/2024
** 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 5 (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.

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