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: 2012-02-24

Reporting Person: Wexner Leslie H. (Director, Chairman and CEO, 10% Owner)
Reporting Person: WEXNER ABIGAIL S (Director, Chairman and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Restricted Share Units	$	A	75613	Acquired	2014-03-31	Common Stock (75613)	Direct
2012-02-24	Restricted Share Units	$	A	264167	Acquired		Common Stock (264167)	Direct

Footnotes

F1: The performance condition of a performance-based restricted share unit ("RSU") award previously granted to Leslie H. Wexner ("Mr. Wexner") by the Issuer was satisfied on February 24, 2012, and then the RSUs vest generally based on his continued employment. The RSUs confer no voting rights and may not be sold until they automatically settle for an equivalent number of shares of common stock of the Issuer on the vesting date or dates.

F2: Vest on March 31, 2014, subject earlier forfeiture or acceleration.

F3: Not applicable.

F4: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner. Mrs. Wexner disclaims beneficial ownership of all such indirectly owned securities in excess of her pecuniary interest therein.

F5: Vests in installments as follows, reflecting adjustments from antidilution etc. pursuant to the Issuer's incentive plan: 1/27/2013 - 52,833 shares; 1/27/2014 - 52,833 shares; 1/27/2015 - 79,251 shares; and 1/27/2016 - 79,250 shares, subject to earlier forfeiture or acceleration.

F6: Reflects adjustments from antidilution etc. pursuant to the Issuer's incentive plan.