HERBALIFE LTD. — Director's Dealing 2016

Mar 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2016-03-10

Reporting Person: Walsh Des (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-10	Common Stock	M	35000	$16.395	Acquired	147599	Direct
2016-03-10	Common Stock	D	10301	$55.71	Disposed	137298	Direct
2016-03-10	Common Stock	F	11195	$55.71	Disposed	126103	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-10	Stock Appreciation Rights	$16.395	M	35000	Disposed	2016-03-23	Common Stock (35000)	Direct

Footnotes

F1: The reporting person received 13,504 shares of common stock upon the net exercise of the 35,000 stock appreciation rights ("SARS"). The reporting person forfeited 10,301 shares of common stock underlying the SARS in payment of the exercise price and 11,195 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on March 10, 2016 of $55.71.