HERBALIFE LTD. — Director's Dealing 2017

Mar 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2017-03-01

Reporting Person: Cardoso Pedro (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	M	13064	$22.94	Acquired	19493	Direct
2017-03-01	Common Stock	D	5287	$56.69	Disposed	14206	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-01	Stock Appreciation Rights	$22.94	M	13064	Disposed	2017-05-07	Common Stock (13064)	Direct

Footnotes

F1: The reporting person received 7,777 shares of common stock upon the net exercise of the 13,064 stock appreciation rights ("SARS"). The reporting person forfeited 5,287 shares of common stock underlying the SARS in payment of the exercise price, using the closing stock price on March 1, 2017 of $56.69.