HERBALIFE LTD. — Director's Dealing 2014

Jul 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2014-07-03

Reporting Person: Fernandez Calero Miguel Angel (EVP, The Americas & WWD Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-03	Common Stock	S	13240	$65.90	Disposed	12525	Direct
2014-07-03	Common Stock	M	3333	$6.82	Acquired	15858	Direct
2014-07-03	Common Stock	D	1241	$66.10	Disposed	14617	Direct
2014-07-07	Common Stock	S	2092	$65.90	Disposed	12525	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-03	Stock Appreciation Rights	$6.82	M	3333	Disposed	2019-02-27	Common Stock (3333)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 23, 2014.