HERBALIFE LTD. — Director's Dealing 2020

Nov 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2020-11-19

Reporting Person: Carmona Richard H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-19	Common Stock	M	9052	$39.79	Acquired	24168	Direct
2020-11-19	Common Stock	F	7500	$48.03	Disposed	16668	Direct
2020-11-23	Common Stock	S	1552	$48.86	Disposed	15116	Direct

Derivative Transactions

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

Footnotes

F1: 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.

F2: 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.