HERBALIFE LTD. — Director's Dealing 2013

Dec 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2013-12-19

Reporting Person: Chiu Shin-Shing Bosco (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-19	Common Stock	M	1120	$19.48	Acquired	7297	Direct
2013-12-19	Common Stock	D	593	$79.58	Disposed	6704	Direct
2013-12-20	Common Stock	S	527	$79.99	Disposed	6177	Direct
2013-12-20	Common Stock	M	3200	$21.565	Acquired	9377	Direct
2013-12-20	Common Stock	D	1738	$80.61	Disposed	7639	Direct
2013-12-23	Common Stock	S	1462	$81.10	Disposed	6177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-19	Stock Appreciation Right	$19.48	M	1120	Disposed	2016-11-30	Common Stock (1120)	Direct
2013-12-20	Stock Appreciation Rights	$21.565	M	3200	Disposed	2018-02-28	Common Stock (3200)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 24, 2013.

F2: This award of stock appreciation rights was fully vested as of November 30, 2009.

F3: This award of stock appreciation rights was fully vested as of February 28, 2011.