X0306 4 2018-01-24 0 0001180262 HERBALIFE LTD. HLF 0001311283 LEVY ROBERT 800 W. OLYMPIC BOULEVARD, #406 LOS ANGELES CA 90015 0 1 0 0 EVP, The Americas Common Stock 2018-01-24 4 M 0 33146 21.565 A 212595 D Common Stock 2018-01-24 4 D 0 9140 78.21 D 203455 D Common Stock 2018-01-24 4 F 0 10046 78.21 D 193409 D Common Stock 2018-01-26 4 S 0 6980 78.54 D 186429 D Stock Appreciation Rights 21.565 2018-01-24 4 M 0 33146 0.00 D 2011-02-28 2018-02-28 Common Stock 33146 0 D This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 6, 2017. The reporting person received 13,960 shares of common stock upon the net exercise of 33,146 stock appreciation rights ("SARS"). The reporting person forfeited 9,140 shares of common stock underlying such SARS in payment of the exercise price and 10,046 shares of common stock underlying such SARS to satisfy the withholding tax obligation resulting from the exercise, using the closing stock price on January 24, 2018 of $78.21. /s/ Eileen Uy, Attorney-in-Fact for Robert Levy 2018-01-26