Bath & Body Works, Inc. — Director's Dealing 2013

Apr 9, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LTD)
CIK: 0000701985
Period of Report: 2013-04-05

Reporting Person: McGuigan Charles (Pres Global Sourcing&Logistics)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-05	Common Stock, $0.50 par value	F	2161.0000	$46.2000	Disposed	88272.0000	Direct
2013-04-05	Common Stock, $0.50 par value	S	13887.0000	$45.4600	Disposed	74385.0000	Direct
2013-04-08	Common Stock, $0.50 par value	M	3889.0000	$19.2892	Acquired	78274.0000	Direct
2013-04-08	Common Stock, $0.50 par value	M	882.0000	$28.1821	Acquired	79156.0000	Direct
2013-04-08	Common Stock, $0.50 par value	S	10000.0000	$46.8400	Disposed	69156.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-08	Stock Option - Right to Buy	$28.1821	M	882.0000	Disposed	2021-03-31	Common Stock, $0.50 par value (882.0000)	Direct
2013-04-08	Stock Option - Right to Buy	$19.2892	M	3889.0000	Disposed	2018-03-31	Common Stock, $0.50 par value (3889.0000)	Direct

Footnotes

F1: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $45.40 to $45.55. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.

F2: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $46.84 to $46.86. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.

F3: Option vests 20% on each of the second and third anniversaries of the date of grant and 30% on each of the fourth and fifth anniversaries of the date of grant.