HERBALIFE LTD. — Director's Dealing 2017

Aug 4, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2017-08-01

Reporting Person: Schissel Mark J (EVP, WW Operations)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1200	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$79.58	2023-12-19	Common Stock (6809)		Direct
Stock Appreciation Right	$59.98	2024-04-30	Common Stock (8631)		Direct
Stock Appreciation Right	$30.44	2025-03-02	Common Stock (8442)		Direct
Stock Appreciation Right	$62.51	2026-05-09	Common Stock (6298)		Direct
Stock Appreciation Right	$57.19	2027-02-27	Common Stock (6091)		Direct

Footnotes

F1: On December 19, 2013, the reporting person was granted 6,809 Stock Appreciation Rights ("SARs"). These SARs were fully as of December 19, 2016.

F2: On April 30, 2014, the reporting person was granted 8,631 SARs. These SARs were fully vested as of April 30, 2017.

F3: On March 2, 2015, the reporting person was granted 14,070 SARs. Forty percent (40%) of these SARs were vested as of March 2, 2017, and the remaining sixty percent (60%) will vest on March 2, 2018.

F4: On May 9, 2016, the reporting person was granted 6,298 SARs. Twenty percent (20%) of these SARs were vested as of May 9, 2017, twenty percent (20%) will vest on May 9, 2018, and the remaining sixty percent (60%) will vest on May 9, 2019.

F5: On February 27, 2017, the reporting person was granted 6,091 SARs. Twenty percent (20%) of these SARs will vest each on February 27, 2018 and February 27, 2019, and the remaining sixty percent (60%) will vest on February 27, 2020.