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

Apr 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2015-04-02

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
2015-04-02	Common Stock	A	1413	$93.41	Acquired	10014409	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-02	Stock option (right to buy)	$93.41	A	25693	Acquired	2025-04-02	Common Stock (25693)	Direct

Footnotes

F1: Non-employee director fees paid in stock to Abigail S. Wexner ("Mrs. Wexner").

F2: Owned by Mrs. Wexner directly. Owned by Leslie H. Wexner ("Mr. Wexner") indirectly, through Mrs. Wexner.

F3: 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.

F4: 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.

F5: Stock option granted to Mr. Wexner.

F6: The option vests in installments as follows: 4/2/2017 - 5,138 shares; 4/2/2018 - 5,139 shares; 4/2/2019 - 7,708 shares; and 4/2/2020 - 7,708 shares, subject to earlier forfeiture or acceleration.

F7: Not applicable.

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