Bath & Body Works, Inc. — Director's Dealing 2015

Oct 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2015-10-07

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
2015-10-07	Common Stock, $0.50 par value	M	55628.0000	$27.0772	Acquired	582325.0000	Direct
2015-10-07	Common Stock, $0.50 par value	M	34532.0000	$42.5659	Acquired	616857.0000	Direct
2015-10-07	Common Stock, $0.50 par value	M	17641.0000	$42.9091	Acquired	634498.0000	Direct
2015-10-07	Common Stock, $0.50 par value	S	107801.0000	$95.0000	Disposed	526697.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-07	Stock Option - Right to Buy	$42.9091	M	17641.0000	Disposed	2023-03-29	Common Stock, $0.50 par value (17641.0000)	Direct
2015-10-07	Stock Option - Right to Buy	$42.5659	M	34532.0000	Disposed	2022-03-30	Common Stock, $0.50 par value (34532.0000)	Direct
2015-10-07	Stock Option - Right to Buy	$27.0772	M	55628.0000	Disposed	2021-03-31	Common Stock, $0.50 par value (55628.0000)	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: Sales were effected pursuant to a 10b5-1 trading plan adopted by Ms. Turney on July 16, 2015.

F2: 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.