License Transfer Utility may fail to launch although you followed the documented procedure…
...not because you cannot find the directory or the LTU utility mentioned in the Help that is not giving the exact names…
…but because the utility does not launch at all or displays the following message:
In this case try running it from a terminal window, using sudo, as follows:
And you should be able to transfer your license file.
There is a known issue with the LTU on Mac 10.7 (Lion) and this command will not work. Development has been alerted of the issue.