X0306 4 2018-02-22 0 0001180262 HERBALIFE LTD. HLF 0001373040 Walsh Des 800 W. OLYMPIC BOULEVARD, #406 LOS ANGELES CA 90015 0 1 0 0 President Stock Appreciation Rights 30.44 2018-02-22 4 A 0 73409 0.00 A 2018-03-02 2025-03-02 Common Stock 73409 122349 D Stock Appreciation Rights 47.80 2018-02-22 4 A 0 49950 0.00 A 2018-05-07 2025-05-07 Common Stock 49950 66760 D Stock Appreciation Rights 62.51 2018-02-22 4 A 0 12133 0.00 A 2018-05-09 2026-05-09 Common Stock 12133 24266 D Stock Appreciation Rights 57.19 2018-02-22 4 A 0 12754 0.00 A 2018-02-27 2027-02-27 Common Stock 12754 12754 D On March 2, 2015, the reporting person was granted an award of 122,349 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 2017 was met, resulting in 73,409 SARs which will vest on March 2, 2018. On May 7, 2015, the reporting person was granted an award of 66,760 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 2016, 2017 and 2018. The performance criteria for 2017 was met, resulting in 49,950 SARs which will vest on May 7, 2018. On May 9, 2016, the reporting person was granted an award of 60,665 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 2017 was met, resulting in 12,133 SARs which will vest on May 9, 2018. On February 27, 2017, the reporting person was granted an award of 63,771 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 2017, 2018 and 2019. The performance criteria for 2017 was met, resulting in 12,754 SARs which will vest on February 27, 2018. /s/ Eileen Uy, Attorney-in-Fact for Des Walsh 2018-02-26