X0306 4 2017-02-23 0 0001180262 HERBALIFE LTD. HLF 0001624298 Aspauza Jossie 800 W. OYMPIC BLVD. SUITE 406 LOS ANGELES CA 90015 0 1 0 0 VP, SAM/CAM Stock Appreciation Rights 30.44 2017-02-23 4 A 0 1957 0.00 A 2017-03-02 2025-03-02 Common Stock 1957 3914 D Stock Appreciation Rights 62.51 2017-02-23 4 A 0 1048 0.00 A 2017-05-09 2026-05-09 Common Stock 1048 1048 D On March 2, 2015, the reporting person was granted an award of 9,787 stock appreciation rights ("SARs"). The amount and timing of the vesting of these SARs is dependent upon the achievement by Herbalife Ltd. (the "Company") of certain performance criteria for each of fiscal 2015, 2016 and 2017. The performance criteria for 2016 was met, resulting in 1,957 SARs which will vest on March 2, 2017. On May 9, 2016, the reporting person was granted an award of 5,240 SARs. The amount and timing of the vesting of these SARs is dependent upon the achievement by the Company of certain performance criteria for each of fiscal 2016, 2017 and 2018. The performance criteria for 2016 was met, resulting in 1,048 SARs which will vest on May 9, 2017. /s/ Mark J. Friedman, Attorney-in-Fact for Jossie Aspauza 2017-02-27