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

Aug 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2014-08-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-19	Common Stock	G	612816	—	Disposed	17642998	Direct
2014-08-25	Common Stock	G	859363	—	Disposed	16783635	Direct
2014-08-25	Common Stock	G	49706	—	Disposed	10012996	Direct
2014-08-19	Common Stock	G	612816	—	Acquired	1090931	Indirect
2014-08-25	Common Stock	G	909069	—	Acquired	2000000	Indirect
2014-08-25	Common Stock	S	2000000	$62.64	Disposed	0	Indirect

Footnotes

F1: Transfer of shares from Leslie H. Wexner ("Mr. Wexner") to The Wexner Children's Trust II ("WCTII").

F2: Not applicable.

F3: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner.

F4: See Exhibit 99.1 for a table of all non-derivative shares of the Issuer beneficially owned directly or indirectly by Mr. Wexner and Mrs. Wexner.

F5: Mr. Wexner and Mrs. Wexner disclaim beneficial ownership of all indirectly owned securities reported on this Form in excess of their respective pecuniary interests therein.

F6: Transfer of shares from Mrs. Wexner to WCTII.

F7: Owned by Mrs. Wexner directly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.

F8: Owned by Mrs. Wexner indirectly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.