HERBALIFE LTD. — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Montesino Ibelis (SVP/Managing Dir North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-28	Common Stock	M	24590	$44.79	Acquired	29224	Direct
2018-02-28	Common Stock	D	11959	$92.10	Disposed	17265	Direct
2018-02-28	Common Stock	F	4664	$92.10	Disposed	12601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-28	Stock Appreciation Rights	$44.79	M	24590	Disposed	2022-05-31	Common Stock (24590)	Direct

Footnotes

F1: The reporting person received 7,967 shares of common stock upon the net exercise of the 24,590 stock appreciation rights ("SARs"). The reporting person forfeited 11,959 shares of common stock underlying SARs in payment of the exercise price and 4,664 shares of common stock underlying the SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on February 28, 2018 of $92.10.