HERBALIFE LTD. — Director's Dealing 2011

Apr 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2011-04-11

Reporting Person: LEVY ROBERT (SVP, WW. Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-11	Common Stock	M	20000	$15.00	Acquired	102290	Direct
2011-04-11	Common Stock	S	20000	$83.79	Disposed	82290	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-11	Non-Qualified Stock Options (Right to Buy)	$15.00	M	20000	Disposed	2015-04-27	Common Stock (20000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2011.

F2: This transaction was executed in multiple trades at prices ranging from $83.12 to $83.89. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Consists of Non-Qualified Stock Options granted under the Herbalife Ltd. 2004 Stock Incentive Plan. The options were fully vested as of 06/30/2009.