HERBALIFE LTD. — Director's Dealing 2010

Jan 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2010-01-15

Reporting Person: RAHN WILLIAM (SVP / Mg Dir. - Asia Pacific)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-15	Common Stock	M	1315	$32.79	Acquired	9370	Direct
2010-01-15	Common Stock	M	712	$30.97	Acquired	10082	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-15	Stock Appreciation Rights	$32.79	M	8400	Disposed	2016-03-23	Common Stock (8400)	Direct
2010-01-15	Stock Appreciation Rights	$30.97	M	3900	Disposed	2016-08-23	Common Stock (3900)	Direct

Footnotes

F1: These stock appreciation rights vest in increments of 560 on the last day of each calendar quarter from 3/31/2006 until 12/31/2010.

F2: These stock appreciation rights vest in increments of 300 on the last day of each calendar quarter from 09/30/2006 until 06/30/2011.