HERBALIFE LTD. — Director's Dealing 2018

May 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-05-07

Reporting Person: Hoffman Alan L (EVP, Global Corporate Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-07	Common Stock	S	26157	$112.96	Disposed	1882	Direct
2018-05-07	Common Stock	M	75448	$30.44	Acquired	77330	Direct
2018-05-07	Common Stock	D	20332	$112.96	Disposed	56998	Direct
2018-05-07	Common Stock	F	27328	$112.96	Disposed	29670	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-07	Stock Appreciation Rights	$30.44	M	75448	Disposed	2025-03-02	Common Stock (75448)	Direct

Footnotes

F1: The reporting person received 27,788 shares of common stock upon the net exercise of 75,448 stock appreciation rights ("SARS"). The reporting person forfeited 20,332 shares of common stock underlying the SARS in payment of the exercise price and 27,328 shares of common stock underlying the SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on May 7, 2018 of $112.96.