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

Jun 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2015-06-04

Reporting Person: Burgdoerfer Stuart B (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-04	Common Stock, $0.50 par value	M	20768.0000	$27.0772	Acquired	94250.0000	Direct
2015-06-04	Common Stock, $0.50 par value	M	11274.0000	$42.5659	Acquired	105524.0000	Direct
2015-06-04	Common Stock, $0.50 par value	M	5759.0000	$42.9091	Acquired	111283.0000	Direct
2015-06-04	Common Stock, $0.50 par value	S	49113.0000	$87.7200	Disposed	62170.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-04	Stock Option - Right to Buy	$42.9091	M	5759.0000	Disposed	2023-03-23	Common Stock, $0.50 par value (5759.0000)	Direct
2015-06-04	Stock Option - Right to Buy	$42.5659	M	11274.0000	Disposed	2022-03-30	Common Stock, $0.50 par value (11274.0000)	Direct
2015-06-04	Stock Option - Right to Buy	$27.0772	M	20768.0000	Disposed	2021-03-31	Common Stock, $0.50 par value (20768.0000)	Direct

Footnotes

F1: 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.