HERBALIFE LTD. — Director's Dealing 2020

Nov 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2020-11-20

Reporting Person: Tartol John (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-20	Common Stock	M	9052	$39.79	Acquired	369938	Direct
2020-11-20	Common Stock	F	7479	$48.16	Disposed	362459	Direct
2020-11-23	Common Stock	S	55000	$48.83	Disposed	307459	Direct
2020-11-24	Common Stock	S	1573	$48.35	Disposed	305886	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-20	Stock Appreciation Rights	$39.79	M	9052	Disposed	2020-12-19	Common Stock (9052)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $48.65 to $49.05. The price reported reflects the weighted average sale price of $48.83. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Adjusted to reflect the Issuer's May 14, 2018 2-for-1 stock split. The stock appreciation rights ("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.