Herbalife Chairman Exercises Options

CNN Money:

"The chairman and chief executive of Herbalife Ltd., which sells nutritional supplements, exercised options for 150,000 shares of common stock, according to filings with the Securities and Exchange Commission.

In Form 4s filed with the SEC Monday, Michael Johnson reported he exercised the options on Thursday for $3.52 apiece, then sold all 150,000 shares on the same day for $42.95 to $44.19 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information."