HERBALIFE LTD. — Director's Dealing 2018

Feb 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-02-26

Reporting Person: Hienrich Edi (SVP/Managing Director EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	M	19832	$22.94	Acquired	25625	Direct
2018-02-26	Common Stock	D	5242	$86.30	Disposed	20383	Direct
2018-02-26	Common Stock	F	7949	$86.30	Disposed	12434	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-26	Stock Appreciation Rights	$22.94	M	19832	Disposed	2020-05-07	Common Stock (19832)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1390	Indirect

Footnotes

F1: The reporting person received 6,611 shares of common stock upon the net exercise of 19,832 stock appreciation rights ("SARS"). The reporting person forfeited 5,272 shares of common stock underlying the SARS in payment of the exercise price and 7,949 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 26, 2018 of $86.30.