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: 2018-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Common Stock	M	918	$57.19	Acquired	3100	Direct
2018-02-27	Common Stock	D	606	$86.64	Disposed	2494	Direct
2018-02-27	Common Stock	F	110	$86.64	Disposed	2384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Stock Appreciation Rights	$57.19	M	918	Disposed	2027-02-27	Common Stock (918)	Direct

Footnotes

F1: The reporting person received 202 shares of common stock upon the net exercise of 918 stock appreciation rights ("SARS"). The reporting person forfeited 606 shares of common stock underlying the SARS in payment of the exercise price and 110 shares of common stock underlying the SARS to satisfy the withholding tax obligations resulting from the exercise, using the closing stock price on February 27, 2018 of $86.64.