HERBALIFE LTD. — Director's Dealing 2018

Mar 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-03-02

Reporting Person: Alvarez Jesus (VP, General Manager, Mexico)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-02	Common Stock	S	299	$92.81	Disposed	2085	Direct
2018-03-05	Common Stock	M	5873	$30.44	Acquired	7958	Direct
2018-03-05	Common Stock	D	1897	$94.72	Disposed	6061	Direct
2018-03-05	Common Stock	F	1392	$94.72	Disposed	4669	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-02	Stock Appreciation Rights	$30.44	M	5873	Disposed	2025-03-02	Common Stock (5873)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $92.82 to $92.79. The price reported reflects the weighted average sale price of $92.81. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: The reporting person received 2,584 shares of common stock upon the net exercise of 5,873 stock appreciation rights ("SARS"). The reporting person forfeited 1,897 shares of common stock underlying the SARS in payment of the exercise price and 1,392 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on March 5, 2018 of $94.27.