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Filing Details

Accession Number:: 0001209191-10-058040
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-02 18:06:21
Reporting Period:: 2010-11-30

Filing Date:: 2010-12-02
Accepted Time:: 2010-12-02 18:06:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1180262	Herbalife Ltd.	HLF	Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1463405	John Desimone	800 W. Olympic Boulevard, #406 Los Angeles CA 90015	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-11-30	110	$0.00	39,062	No	4	A	Direct
Common Stock	Disposition	2010-11-30	7,124	$68.84	31,938	No	4	S	Direct
Common Stock	Disposition	2010-11-30	1,692	$68.63	30,246	No	4	F	Direct
Common Stock	Acquisiton	2010-11-30	30,000	$41.87	60,246	No	4	M	Direct
Common Stock	Disposition	2010-11-30	22,884	$68.63	37,362	No	4	D	Direct
Common Stock	Acquisiton	2010-11-30	4,438	$43.13	41,800	No	4	M	Direct
Common Stock	Disposition	2010-11-30	3,560	$68.63	38,240	No	4	D	Direct
Common Stock	Acquisiton	2010-11-30	8,950	$13.64	47,190	No	4	M	Direct
Common Stock	Disposition	2010-11-30	5,127	$68.63	42,063	No	4	D	Direct
Common Stock	Disposition	2010-12-01	13,749	$69.20	28,314	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	4	F	Direct
No	4	M	Direct
No	4	D	Direct
No	4	M	Direct
No	4	D	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Rights	Disposition	2010-11-30	30,000	$0.00	30,000	$41.87
Common Stock	Stock Appreciation Rights	Disposition	2010-11-30	4,438	$0.00	4,438	$43.13
Common Stock	Stock Appreciation Rights	Disposition	2010-11-30	8,950	$0.00	8,950	$13.64

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2017-11-30	No	4	M	Direct
6,655	2018-02-28	No	4	M	Direct
35,800	2019-02-27	No	4	M	Direct

Footnotes

Consists of dividend equivalents accrued with respect to previous awards of restricted stock units granted under the Herbalife Ltd. 2005 Stock Incentive Plan.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 4, 2010.
Pursuant to the Issuer's 2005 Stock Incentive Plan and the terms of the related award agreement, shares of the Issuer's common stock are issued to the Reporting Person as his restricted stock units vest, with a portion of the newly issued shares automatically withheld by the Issuer to satisfy the resulting withholding tax obligation. This Statement of Changes of Beneficial Ownership has been filed to reflect that withholding of shares due to a recent vesting of restricted stock units held by the Reporting Person. The withholding of the newly issued shares occurred automatically upon the vesting of the restricted stock units, and as such, no investment decision was made by the Reporting Person in connection with this transfer.
Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 20% vested November 30, 2008, 20% vested November 30, 2009 and the remaining 60% vested on November 30, 2010.
Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 20% vested on February 28, 2009, 20% vested on February 28, 2010 and the remaining 60% will vest on February 28, 2011.
Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan, of which 20% vested February 27, 2010, 20% will vest February 27, 2011 and the remaining 60% will vest on February 27, 2012.