X0306 4 2016-03-02 0 0001180262 HERBALIFE LTD. HLF 0001472187 Hienrich Edi 800 W. OLYMPIC BLVD. SUITE 406 LOS ANGELES CA 90015 0 1 0 0 SVP/Managing Director EMEA Stock Appreciation Rights 30.44 2016-03-02 4 A 0 6525 0.00 A 2016-03-02 2025-03-02 Common Stock 6525 6525 D Stock Appreciation Rights 59.98 2016-04-30 4 A 0 3849 0.00 A 2016-04-30 2024-04-30 Common Stock 3849 7698 D Stock Appreciation Rights 47.80 2016-05-07 4 A 0 2500 0.00 A 2016-05-07 2025-05-07 Common Stock 2500 2500 D On March 2, 2015, the reporting person was granted an award of 32,626 stock appreciation rights ("SARs"). The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria was met in 2015, resulting in the vesting of 6,525 SARs. On April 30, 2014, the reporting person was granted an award of 19,245 SARs. The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2014, 2015 and 2016. The performance criteria was met in 2015, resulting in the vesting of 3,849 SARs. On May 7, 2015, the reporting person was granted an award of 12,500 SARs. The amount and timing of the vesting of these SARs is dependent upon the Company's achievement of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria was met in 2015, resulting in the vesting of 2,500 SARs. /s/ Mark J. Friedman, Attorney-in-Fact for Edi Hienrich 2016-05-13