HERBALIFE LTD. — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERBALIFE NUTRITION LTD. (HLF)
CIK: 0001180262
Period of Report: 2020-02-21

Reporting Person: JOHNSON MICHAEL (Director, Chairman and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Stock Appreciation Rights	$28.595	A	105932	Acquired	2027-02-27	Common Stock (105932)	Direct

Footnotes

F1: On February 27, 2017, the Reporting Person was granted an award of 176,552 PSARs (number adjusted to reflect the Issuer's 2-for-1 stock split on May 14, 2018). The amount and timing of the vesting of these PSARs was dependent upon achievement by the Issuer of certain performance criteria for each of fiscal 2017, 2018 and 2019. With the satisfaction of the performance criteria for fiscal 2019, 105,932 PSARs will vest on February 27, 2020, subject to continued service through each applicable date.