HERBALIFE LTD. — Director's Dealing 2018

Mar 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-03-07

Reporting Person: GOUDIS RICHARD (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-07	Common Stock	M	83333	$6.82	Acquired	264786	Direct
2018-03-07	Common Stock	D	5792	$98.13	Disposed	258994	Direct
2018-03-07	Common Stock	F	40593	$98.13	Disposed	218401	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-07	Stock Appreciation Rights	$6.82	M	83333	Disposed	2019-02-27	Common Stock (83333)	Direct

Footnotes

F1: The reporting person received 36,948 shares of common stock upon the net exercise of 83,333 stock appreciation rights ("SARS"). The reporting person forfeited 5,792 shares of common stock underlying the SARS in payment of the exercise price and 40,593 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 7, 2018 of $98.13.