HERBALIFE LTD. — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2020-12-11

Reporting Person: Otero Maria (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-11	Common Stock	M	9052	$39.79	Acquired	30526	Direct
2020-12-11	Common Stock	F	7377	$48.83	Disposed	23149	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-11	Stock Appreciation Rights	$39.79	M	9052	Disposed	2020-12-19	Common Stock (9052)	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: Adjusted to reflect the Issuer's May 14, 2018 2-for-1 stock split. The SARs were previously reported as covering 4,526 shares at an exercise price of $79.58 per share.

F3: The SARs were granted on December 19, 2013. 50% vested on December 19, 2013, 25% vested on January 15, 2014 and the remaining 25% vested on April 15, 2014.