Global nutrition company, Herbalife
(NYSE: HLF), today announced that Michael Johnson, Herbalife’s chairman
and CEO, has engaged in a net exercise transaction involving 280,000
stock appreciation rights (SARs) that were due to expire in March 2016.
Because of his complete confidence in the continued and future success
of the company, Mr. Johnson has decided that he will hold all the shares
issued on exercise of these awards, which will be the total amount, net
of those necessary to cover the exercise price and any taxes related to
the transaction.
About Herbalife:
Herbalife is a global nutrition company that has been changing people's
lives with great products since 1980. Our nutrition, weight-management,
energy and fitness and personal care products are available exclusively
to and through dedicated Independent Herbalife Members in more than 90
countries. We are committed to fighting the worldwide problems of poor
nutrition and obesity by offering high-quality products, one-on-one
coaching with an Herbalife member and a community that inspires
customers to live a healthy, active life.
We support the Herbalife Family Foundation (HFF) and its Casa Herbalife
programs to help bring good nutrition to children in need. We also
sponsor more than 190 world-class athletes, teams and events around the
globe, including Cristiano Ronaldo, the LA Galaxy and champions in many
other sports.
The company has over 7,800 employees worldwide, and its shares are
traded on the New York Stock Exchange (NYSE: HLF) with net sales of $5
billion in 2014. To learn more visit Herbalife.com or IAmHerbalife.com.
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