LOS ANGELES -- (Business Wire)
Global nutrition company, Herbalife (NYSE: HLF), today announced that
Michael Johnson, Herbalife's chairman and CEO, has engaged in a net
exercise transaction involving 750,000 stock options that were granted
to him in December 2004 and were due to expire in December 2014. 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 the option, which will be the total amount, net of those
necessary to cover the exercise price and any taxes related to the
transaction.
About Herbalife Ltd.
Herbalife is a global nutrition company that has been changing people’s
lives with great products since 1980. Our nutrition, weight-management, energy
and sports 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
excess weight 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
Program to help bring good nutrition to children in need. We also
sponsor more than 250 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 7,400 employees worldwide, and reported net sales
of $4.8 billion in 2013.
To learn more visit herbalife.com
or iamherbalife.com
Contacts:
Herbalife Ltd.
Julian Cacchioli
213-745-0519
Source: Herbalife Ltd.
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