HERBALIFE LTD. — Director's Dealing 2014

Jan 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2014-01-03

Reporting Person: NICHOLAS COLOMBE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-03	Common Stock	M	12000	$6.82	Acquired	15810	Direct
2014-01-06	Common Stock	D	1062	$77.09	Disposed	14748	Direct
2014-01-06	Common Stock	S	10938	$77.09	Disposed	3810	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-06	Stock Appreciation Right	$6.82	M	12000	Disposed	2016-02-27	Common Stock (12000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2013.

F2: On May 17, 2011, the common stock of Herbalife Ltd. split 2-for-1, resulting in the reporting person's acquisition of 1905 additional shares of common stock.

F3: These stock appreciation rights were fully vested as of February 27, 2010.