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: 2018-03-06

Reporting Person: Chiu Shin-Shing Bosco (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-06	Common Stock	M	15396	$59.98	Acquired	17278	Direct
2018-03-06	Common Stock	D	9538	$96.84	Disposed	7740	Direct
2018-03-06	Common Stock	F	2908	$96.84	Disposed	4832	Direct
2018-03-06	Common Stock	M	18760	$30.44	Acquired	23592	Direct
2018-03-06	Common Stock	D	5899	$96.84	Disposed	17693	Direct
2018-03-06	Common Stock	F	6379	$96.84	Disposed	11314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-06	Stock Appreciation Rights	$59.98	M	15396	Disposed	2024-04-30	Common Stock (15396)	Direct
2018-03-06	Stock Appreciation Rights	$30.44	M	18760	Disposed	2025-03-02	Common Stock (18760)	Direct

Footnotes

F1: The reporting person received 2,950 shares of common stock upon the net exercise of 15,396 stock appreciation rights ("SARS"). The reporting person forfeited 9,538 shares of common stock underlying the SARS in payment of the exercise price and 2,908 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 6, 2018 of $96.84.

F2: The reporting person received 6,482 shares of common stock upon the net exercise of 18,760 SARs. The reporting person forfeited 5,899 shares of common stock underlying the SARS in payment of the exercise price and 6,379 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 6, 2018 of $96.84.