HERBALIFE LTD. — Director's Dealing 2018

Mar 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-02-28

Reporting Person: Bermingham Richard P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-28	Common Stock	M	7503	$44.79	Acquired	11087	Direct
2018-02-28	Common Stock	D	3649	$92.10	Disposed	7438	Direct
2018-02-28	Common Stock	M	4526	$79.58	Acquired	11964	Direct
2018-02-28	Common Stock	D	3911	$92.10	Disposed	8053	Direct
2018-03-02	Common Stock	S	3800	$91.77	Disposed	4253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-28	Stock Appreciation Rights	$44.79	M	7503	Disposed	2022-05-31	Common Stock (7503)	Direct
2018-02-28	Stock Appreciation Rights	$79.58	M	4526	Disposed	2023-12-19	Common Stock (4526)	Direct

Footnotes

F1: The reporting person received 3,854 shares of common stock upon the net exercise of the 7,503 stock appreciation rights ("SARs"). The reporting person forfeited 3,649 shares of common stock underlying SARs in payment of the exercise price using the closing stock price on February 28, 2018 of $92.10.

F2: Amount of securities beneficially owned following the reported transaction was corrected to add 1,665 shares previously disclosed on the reporting person's Form 4 filed on May 9, 2017.

F3: The reporting person received 615 shares of common stock upon the net exercise of the 4,526 SARs. The reporting person forfeited 3,911 shares of common stock underlying SARs in payment of the exercise price using the closing stock price on February 28, 2018 of $92.10.