HERBALIFE LTD. — Director's Dealing 2018

Jan 31, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-01-29

Reporting Person: Chiu Shin-Shing Bosco (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-29	Common Stock	M	10000	$44.79	Acquired	10000	Direct
2018-01-29	Common Stock	D	5378	$83.29	Disposed	4622	Direct
2018-01-29	Common Stock	F	1600	$83.29	Disposed	3022	Direct
2018-01-31	Common Stock	S	3022	$83.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-29	Stock Appreciation Rights	$44.79	M	10000	Disposed	2022-05-31	Common Stock (10000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2017.

F2: The reporting person received 3,022 shares of common stock upon the net exercise of 10,000 stock appreciation rights ("SARs"). The reporting person forfeited 5,378 shares of common stock underlying such SARS in payment of the exercise price and 1,600 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 29, 2018 of $83.29.