X0306 4 2017-02-23 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 59.98 2017-02-23 4 A 0 9237 0.00 A 2017-04-30 2024-04-30 Common Stock 9237 15396 D Stock Appreciation Rights 30.44 2017-02-23 4 A 0 3752 0.00 A 2017-03-02 2025-03-02 Common Stock 3752 7504 D Stock Appreciation Rights 47.80 2017-02-23 4 A 0 4250 0.00 A 2017-05-07 2025-05-07 Common Stock 4250 8500 D Stock Appreciation Rights 62.51 2017-02-23 4 A 0 1545 0.00 A 2017-05-09 2026-05-09 Common Stock 1545 1545 D On April 30, 2014, the reporting person was granted an award of 15,396 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 2014, 2015 and 2016. The performance criteria for 2016 was met, resulting in 9,237 SARs which will vest on April 30, 2017. On March 2, 2015, the reporting person was granted an award of 18,760 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 2015, 2016 and 2017. The performance criteria for 2016 was met, resulting in 3,752 SARs which will vest on March 2, 2017. On May 7, 2015, the reporting person was granted an award of 21,250 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 2015, 2016 and 2017. The performance criteria for 2016 was met, resulting in 3,752 SARs which will vest on May 7, 2017. On May 9, 2016, the reporting person was granted an award of 7,725 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 1,545 SARs which will vest on May 9, 2017. /s/ Mark J. Friedman, Attorney-in-Fact for Shin-Shing Bosco Chiu 2017-02-27