X0306 4 2016-04-27 0 0001180262 HERBALIFE LTD. HLF 0001513887 Fleming Ibelis 800 W. OLYMPIC BLVD., SUITE 406 LOS ANGELES CA 90015 0 1 0 0 SVP/Managing Dir North America Stock Appreciation Rights 79.58 2016-04-27 4 A 0 9079 0.00 A 2016-06-21 2023-12-19 Common Stock 9079 15133 D On December 19, 2013, the reporting person was granted an award of 15,133 stock appreciation rights (SARs). The amount and timing of the vesting of these SARs were dependent upon Herbalife Ltd.'s achievement of certain performance criteria for each of fiscal 2013, 2014 and 2015. The performance criteria were met in 2015, resulting in the vesting of 9,079 SARs subject to this award on June 21, 2016. /s/ Mark J. Friedman, Attorney-in-Fact for Ibelis Fleming 2016-12-30