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: 2013-12-20

Reporting Person: Cuesta Patricio (SVP/Managing Director SAM)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-20	Common Stock	M	15000	$22.94	Acquired	19643	Direct
2013-12-20	Common Stock	D	8025	$80.61	Disposed	11618	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-20	Stock Appreciation Rights	$22.94	M	15000	Disposed	2020-05-07	Common Stock (15000)	Direct

Footnotes

F1: These stock appreciation rights were fully vested as of May 7, 2013.