Bath & Body Works, Inc. — Director's Dealing 2014

Sep 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2014-09-11

Reporting Person: TURNEY SHAREN J (CEO/P VS Megabrand Int App Grp)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-11	Common Stock, $0.50 par value	M	16460.0000	$12.6469	Acquired	816427.0000	Direct
2014-09-11	Common Stock, $0.50 par value	F	3214.0000	$64.7600	Disposed	813213.0000	Direct
2014-09-11	Common Stock, $0.50 par value	S	200000.0000	$65.0200	Disposed	613213.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-11	Stock Option - Right to Buy	$12.6469	M	16460.0000	Disposed	2018-03-31	Common Stock, $0.50 par value (16460.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.50 par value	500.0000	Indirect
Common Stock, $0.50 par value	2500.0000	Indirect

Footnotes

F1: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $65.00 to $65.15. 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: Previously reported stock option has been adjusted to reflect a special stock dividend declared by the Issuer and exempt pursuant to Rule 16a-9.