Ownership Submission

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 ^*

Chiu Shin-Shing Bosco

2. Date of Event Requiring Statement (Month/Day/Year)
10/28/2010

3. Issuer Name and Ticker or Trading Symbol
HERBALIFE LTD. [HLF]

(Last)

(First)

(Middle)

800 W. OLYMPIC BLVD., SUITE 406

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Principal Accounting Officer

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

LOS ANGELES, CA 90027

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 Stock	823	D
Common Stock ⁽¹⁾	333 ⁽²⁾	D
Common Stock ⁽³⁾	750 ⁽²⁾	D
Common Stock ⁽⁴⁾	1,876 ⁽²⁾	D
Common Stock ⁽⁵⁾	200 ⁽²⁾	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Appreciation Rights	⁽⁶⁾	11/30/2016	Common Stock	5,600	$ 38.96	D
Stock Appreciation Rights	⁽⁷⁾	05/26/2017	Common Stock	3,290	$ 40.25	D
Stock Appreciation Rights	⁽⁸⁾	02/28/2018	Common Stock	2,600	$ 43.13	D
Stock Appreciation Rights	⁽⁹⁾	02/27/2019	Common Stock	3,000	$ 13.64	D
Stock Appreciation Rights	⁽¹⁰⁾	02/27/2019	Common Stock	5,000	$ 13.64	D
Stock Appreciation Rights	⁽¹¹⁾	05/07/2020	Common Stock	3,019	$ 45.88	D
Stock Appreciation Rights	⁽¹²⁾	08/31/2020	Common Stock	500	$ 55.58	D

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Chiu Shin-Shing Bosco 800 W. OLYMPIC BLVD., SUITE 406 LOS ANGELES, CA 90027			Principal Accounting Officer

Signatures

Bosco Chiu by Brett R. Chapman, Attorney-in-Fact		11/05/2010
^**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)	Consists of the unvested portion of an award of restricted stock units granted under the Herbalife Ltd. 2005 Stock Incentive Plan that each represent a contingent right to receive one share of common stock on vesting. These units will vest on 02/28/2011.
(2)	Includes dividend equivalents accrued with respect to this award of restricted stock units under the Herbalife Ltd. 2005 Stock Incentive Plan.
(3)	Consists of the unvested portion of an award of restricted stock units that will vest in 50% increments on 02/27/2011 and 02/27/2012.
(4)	Consists of an award of restricted stock units that will vest in one-third increments on 02/27/2012, 02/27/2013 and 02/27/2014.
(5)	Consists of the unvested portion of an award of restricted stock units that will vest in 50% increments on 08/31/2011 and 08/31/2012.
(6)	Consists of stock appreciation rights granted under the Herbalife Ltd. 2005 Stock Incentive Plan that vest in 5% quarterly increments from 12/30/2006 through 09/30/2011.
(7)	These stock appreciation rights were fully vested as of 05/29/2010.
(8)	These stock appreciation rights vest as to 20% of the award on 02/28/2009, 20% of the award on 02/28/2010 and the remaining 60% of the award on 02/28/2011.
(9)	These stock appreciation rights vest as to 20% of the award on 02/27/2010, 20% of the award on 02/27/2011 and the remaining 60% of the award on 02/27/2012.
(10)	These stock appreciation rights will vest in 1/3 increments on each of 02/27/2012, 02/27/2013 and 02/27/2014.
(11)	These stock appreciation rights vest as to 20% of the award on 05/07/2011, 20% of the award on 05/07/2012 and the remaining 60% of the award on 05/07/2013.
(12)	These stock appreciation rights vest as to 20% of the award on 08/31/2010, 20% of the award on 08/31/2011 and the remaining 60% of the award on 08/31/2012.

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