HERBALIFE LTD. — Director's Dealing 2018

Jan 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE LTD. (HLF)
CIK: 0001180262
Period of Report: 2018-01-19

Reporting Person: Harms Thomas (SVP, China & APAC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-19	Common Stock	M	6000	$6.82	Acquired	6000	Direct
2018-01-19	Common Stock	D	561	$72.97	Disposed	5439	Direct
2018-01-19	Common Stock	F	1969	$72.97	Disposed	3470	Direct
2018-01-23	Common Stock	S	3470	$74.87	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-19	Stock Appreciation Right	$6.82	M	6000	Disposed	2019-02-27	Common Stock (6000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2017.

F2: The reporting person received 3,470 shares of common stock upon the net exercise of 6,000 SARs. The reporting person forfeited 561 shares of common stock underlying such SARs in payment of the exercise price and 1,969 shares of common stock underlying such SARs to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 19, 2018, of $72.97.