HERBALIFE LTD. — Director's Dealing 2017

Mar 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2017-03-07

Reporting Person: Walsh Des (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-07	Common Stock	M	32236	$20.125	Acquired		Direct
2017-03-07	Common Stock	D	12218	$53.10	Disposed	146121	Direct
2017-03-07	Common Stock	F	10383	$53.10	Disposed	135738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-07	Stock Appreciation Right	$20.125	M	32236	Disposed	2017-05-29	Common Stock (32236)	Direct

Footnotes

F1: The reporting person received 9,635 shares of common stock upon the net exercise of the 32,236 stock appreciation rights ("SARS"). The reporting person forfeited 12,218 shares of common stock underlying the SARS in payment of the exercise price and 10,383 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on March 7, 2017 of $53.10.