HERBALIFE LTD. — Director's Dealing 2011

Mar 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2011-03-04

Reporting Person: HIGBY LAWRENCE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-04	Common Stock	M	4899	$45.88	Acquired	5899	Direct
2011-03-04	Common Stock	D	2936	$45.88	Disposed	2963	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-04	Stock Appreciation Rights	$45.88	M	4899	Disposed	2017-05-07	Common Stock (4899)	Direct

Footnotes

F1: Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 25% vested August 15, 2010, October 15, 2010, January 15, 2011 and the remaining 25% will vest April 15, 2011.