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

May 22, 2015

30981_dirs_2015-05-22_db8aadf0-2ff1-490b-aae5-088adc47de38.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2015-05-20

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
2015-05-20 Common Stock A 39438 Acquired 16206805 Direct
2015-05-20 Common Stock A 10848 Acquired 16217653 Direct
2015-05-20 Common Stock A 31535 Acquired 16249188 Direct
2015-05-20 Common Stock A 10760 Acquired 16259948 Direct

Footnotes

F1: The performance condition for a portion of a performance-based restricted stock unit ("RSU") award previously granted to Leslie H. Wexner ("Mr. Wexner") was satisfied on May 20, 2015, and such portion was vested and automatically settled for an equivalent number of shares of common stock of the Issuer on such date.

F2: Reflects adjustments from antidilution etc. pursuant to the Issuer's incentive plan.

F3: Not applicable.

F4: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner.

F5: 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.

F6: 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.