FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  LEHMANN MARKUS
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2007
3. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [HLF]
(Last)
(First)
(Middle)
KREUZBUEHEL 15, FL-9493
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MAUREN, N2 
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 12,500
D
 
Common Shares 300,000
I
By Markus Lehmann Sales Consulting Establishment, a Liechtenstein corporation (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) 01/18/2007 05/19/2007 Common Shares 10,000 $ 30 D  
Stock Option (right to buy) 01/18/2007 08/18/2007 Common Shares 5,000 $ 35 D  
Stock Option (right to buy) 01/18/2007 08/18/2007 Common Shares 5,000 $ 30 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEHMANN MARKUS
KREUZBUEHEL 15, FL-9493
MAUREN, N2 
    X    

Signatures

/s/ Markus Lehmann 03/28/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 sole stockholder of Markus Lehmann Sales Consulting Establishment is Mayus Stiftung, a Liechtenstein trust ("Mayus"). Mr. Lehmann controls and is the sole beneficiary of Mayus.
 
Remarks:
The reporting person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the issuer's outstanding common shares. The reporting person expressly disclaims membership in a group with any other person. Other than the securities reported on this Form 3, this Form 3 shall not be deemed an admission that the reporting person is a beneficial owner of any of the issuer's securities for any purpose.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.