HERBALIFE LTD

Ticker: HLF CUSIP: G4412G101 Class: Common Stock

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 79,100 Value ($000) $6,225 Avg Close $34.43 Range $29.63 - $40.69

Q2 2013

Shares 20,000 Value ($000) $903 Avg Close $20.94 Range $17.01 - $26.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	79,100	$6,225	$34.43	$29.63 - $40.69
Q2 2013	20,000	$903	$20.94	$17.01 - $26.06