FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * JOHNSON MICHAEL   2. Issuer Name and Ticker or Trading Symbol HERBALIFE LTD. [HLF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) 1800 CENTURY PARK EAST 3. Date of Earliest Transaction (Month/Day/Year) 02/27/2008 (Street) LOS ANGELES, CA 90067 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/27/2008   M   60,161 A $ 3.52 141,210 D   Common Stock 02/27/2008   S(1)   100 D $ 44.29 141,110 D   Common Stock 02/27/2008   S(1)   100 D $ 44.27 141,010 D   Common Stock 02/27/2008   S(1)   15,100 D $ 44.25 125,910 D   Common Stock 02/27/2008   S(1)   200 D $ 44.21 125,710 D   Common Stock 02/27/2008   S(1)   200 D $ 44.19 125,510 D   Common Stock 02/27/2008   S(1)   300 D $ 44.16 125,210 D   Common Stock 02/27/2008   S(1)   400 D $ 44.13 124,810 D   Common Stock 02/27/2008   S(1)   400 D $ 44.12 124,410 D   Common Stock 02/27/2008   S(1)   500 D $ 44.1 123,910 D   Common Stock 02/27/2008   S(1)   100 D $ 44.07 123,810 D   Common Stock 02/27/2008   S(1)   400 D $ 44.04 123,410 D   Common Stock 02/27/2008   S(1)   800 D $ 44.02 122,610 D   Common Stock 02/27/2008   S(1)   1,000 D $ 44.01 121,610 D   Common Stock 02/27/2008   S(1)   6,000 D $ 44 115,610 D   Common Stock 02/27/2008   S(1)   1,700 D $ 43.99 113,910 D   Common Stock 02/27/2008   S(1)   400 D $ 43.98 113,510 D   Common Stock 02/27/2008   S(1)   100 D $ 43.97 113,410 D   Common Stock 02/27/2008   S(1)   400 D $ 43.96 113,010 D   Common Stock 02/27/2008   S(1)   400 D $ 43.95 112,610 D   Common Stock 02/27/2008   S(1)   2,500 D $ 43.9 110,110 D   Common Stock 02/27/2008   S(1)   1,800 D $ 43.89 108,310 D   Common Stock 02/27/2008   S(1)   400 D $ 43.87 107,910 D   Common Stock 02/27/2008   S(1)   100 D $ 43.86 107,810 D   Common Stock 02/27/2008   S(1)   400 D $ 43.85 107,410 D   Common Stock 02/27/2008   S(1)   900 D $ 43.81 106,510 D   Common Stock 02/27/2008   S(1)   2,761 D $ 43.79 103,749 D   Common Stock 02/27/2008   S(1)   1,500 D $ 43.78 102,249 D   Common Stock 02/27/2008   S(1)   300 D $ 43.77 101,949 D   Common Stock 02/27/2008   S(1)   1,200 D $ 43.76 100,749 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Options (Right to Buy)

$ 3.52

02/27/2008

M

60,161

(2)

04/03/2013

Common Stock

60,161

$ 0

141,185

D

Stock Appreciation Rights (3)

$ 43.13

02/28/2008

A

120,000

(4)

02/28/2018

Common Stock

120,000

$ 0

120,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JOHNSON MICHAEL 1800 CENTURY PARK EAST LOS ANGELES, CA 90067	X		Chairman & CEO

Signatures

Vicki Tuchman by Power of Attorney		02/29/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2007.
(2)	Option vests 20% on April 3, 2004 and thereafter 5% quarterly increments commencing on September 30, 2004 and on the last day of each subsequent calendar quarter thereafter until fully vested.
(3)	Stock Appreciation Rights granted pursuant to the Herbalife Ltd. 2005 Stock Incentive Plan.
(4)	Stock Appreciation Rights vest in 20% increments on February 28, 2009 and on February 28, 2010 with the remaining 60% increment vesting on February 28, 2011.
Remarks: Form 1 of 2

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