Bath & Body Works, Inc. — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIMITED BRANDS INC (LTD)
CIK: 0000701985
Period of Report: 2010-09-27

Reporting Person: Ramsey Jane L (EVP of HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-27	Common Stock, $0.50 par value	G	1000.0000	$0.0000	Disposed	137355.0000	Direct
2011-05-20	Common Stock, $0.50 par value	G	1000.0000	$0.0000	Disposed	122605.0000	Direct
2012-02-24	Common Stock, $0.50 par value	M	36758.0000	$22.0253	Acquired	162419.0000	Direct
2012-02-24	Common Stock, $0.50 par value	M	5818.0000	$21.2664	Acquired	168237.0000	Direct
2012-02-24	Common Stock, $0.50 par value	M	3737.0000	$20.8990	Acquired	171974.0000	Direct
2012-02-24	Common Stock, $0.50 par value	S	300.0000	$46.2050	Disposed	171674.0000	Direct
2012-02-24	Common Stock, $0.50 par value	S	46013.0000	$46.2000	Disposed	125661.0000	Direct
2012-02-27	Common Stock, $0.50 par value	A	7674.0000	$0.0000	Acquired	133335.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Stock Option - Right to Buy	$20.8990	M	3737.0000	Disposed	2020-03-31	Common Stock, $0.50 par value (3737.0000)	Direct
2012-02-24	Stock Option - Right to Buy	$21.2664	M	5818.0000	Disposed	2017-03-30	Common Stock, $0.50 par value (5818.0000)	Direct
2012-02-24	Stock Option - Right to Buy	$22.0253	M	36758.0000	Disposed	2016-05-24	Common Stock, $0.50 par value (36758.0000)	Direct

Footnotes

F1: Total holdings include shares acquired in connection with a stock dividend exempt pursuant to Rule 16a-9.

F2: Previously reported stock option has been adjusted to reflect a special stock dividend declared by the Issuer and exempt pursuant to Rule 16a-9.

F3: Option vests 25% per year beginning on the first anniversary of the date of grant.