HERBALIFE LTD. — Director's Dealing 2018

Jan 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-01-24

Reporting Person: LEVY ROBERT (EVP, The Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-24	Common Stock	M	33146	$21.565	Acquired	212595	Direct
2018-01-24	Common Stock	D	9140	$78.21	Disposed	203455	Direct
2018-01-24	Common Stock	F	10046	$78.21	Disposed	193409	Direct
2018-01-26	Common Stock	S	6980	$78.54	Disposed	186429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-24	Stock Appreciation Rights	$21.565	M	33146	Disposed	2018-02-28	Common Stock (33146)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 6, 2017.

F2: The reporting person received 13,960 shares of common stock upon the net exercise of 33,146 stock appreciation rights ("SARS"). The reporting person forfeited 9,140 shares of common stock underlying such SARS in payment of the exercise price and 10,046 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 24, 2018 of $78.21.