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: Montesino Ibelis (SVP/Managing Dir North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-02	Common Stock	M	19576	$30.44	Acquired	32177	Direct
2018-03-02	Common Stock	D	6292	$94.72	Disposed	25885	Direct
2018-03-02	Common Stock	F	5032	$94.72	Disposed	20853	Direct
2018-03-02	Common Stock	S	7967	$93.02	Disposed	12886	Direct
2018-03-06	Common Stock	S	8252	$94.63	Disposed	4634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-02	Stock Appreciation Rights	$30.44	M	19576	Disposed	2025-03-02	Common Stock (19576)	Direct

Footnotes

F1: The reporting person received 8,252 shares of common stock upon the net exercise of the 19,576 SARs. The reporting person forfeited 6,292 shares of common stock underlying the SARs in payment of the exercise price and 5,032 shares of common stock underlying the SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on March 2, 2018 of $94.72.

F2: This transaction was executed in multiple trades at prices ranging from $92.89 to $93.18. The price reported reflects the weighted average sale price of $93.02. 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.

F3: This transaction was executed in multiple trades at prices ranging from $94.50 to $94.95. The price reported reflects the weighted average sale price of $94.63. 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.