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Bath & Body Works, Inc. — Director's Dealing 2015
Jan 29, 2015
30981_dirs_2015-01-29_06ad6837-6239-49e1-b843-c3e274618406.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: 2015-01-27
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 |
|---|---|---|---|---|---|---|---|
| 2014-12-18 | Common Stock | G | 750000 | — | Disposed | 16079924 | Direct |
| 2015-01-27 | Common Stock | M | 87443 | — | Acquired | 16167367 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-27 | Restricted Stock Units | $ | M | 87443 | Disposed | Common Stock (87443) | Direct |
Footnotes
F1: Not applicable.
F2: Owned by Leslie H. Wexner ("Mr. Wexner") directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. 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: The performance condition of a performance-based restricted share unit ("RSU") award previously granted to Mr. Wexner by the Issuer was satisfied on February 24, 2012, and then the RSUs vest generally based on his continued employment. The RSUs confer no voting rights and may not be sold until they automatically settle for an equivalent number of shares of common stock of the Issuer on the vesting date or dates.
F6: A portion of the RSUs vested on January 27, 2015.
F7: Reflects adjustments from antidilution etc. pursuant to the Issuer's stock plan.
F8: Vests in installments as follows, reflecting adjustments from antidilution etc. pursuant to the Issuer's incentive plan: 1/27/2013 - 57,241 shares; 1/27/2014 - 57,241 shares; 1/27/2015 - 87,443 shares; and 1/27/2016 - 87,442 shares, subject to earlier forfeiture or acceleration.