HERBALIFE LTD. — Director's Dealing 2019

May 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2019-05-23

Reporting Person: Tartol John (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-23	Common Stock	M	15006	$22.395	Acquired	390255	Direct
2019-05-23	Common Stock	F	7776	$43.22	Disposed	382479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-23	Stock Appreciation Rights	$22.395	M	15006	Disposed	2019-05-31	Common Stock (15006)	Direct

Footnotes

F1: The transaction represents an exercise and hold of stock appreciation rights ("SARS"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4.

F2: These SARS were previously reported as covering 7,503 shares at an exercise price of $44.79 per share, and were adjusted to reflect the Issuer's May 14, 2018 stock split.