X0306 4 2016-04-27 0 0001180262 HERBALIFE LTD. HLF 0001504597 Chiu Shin-Shing Bosco 800 W. OLYMPIC BOULEVARD, SUITE 406 LOS ANGELES CA 90015 0 1 0 0 Principal Accounting Officer Stock Appreciation Rights 79.58 2016-04-27 4 A 0 7263 0.00 A 2016-06-21 2023-12-19 Common Stock 7263 12106 D On December 19, 2013, the reporting person was granted an award of 12,106 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 7,263 SARs subject to this award on June 21, 2016. /s/ Mark J. Friedman, Attorney-in-Fact for Shin-Shing Bosco Chiu 2016-12-30