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Bath & Body Works, Inc. — Director's Dealing 2017
Apr 4, 2017
30981_dirs_2017-04-03_e291f226-b2b5-4d29-a7c4-64b9144b13c0.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: 2017-03-30
Reporting Person: Wexner Leslie H. (Director, Chairman and CEO, 10% Owner)
Reporting Person: WEXNER ABIGAIL S (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-30 | Common Stock | M | 150783 | $18.406 | Acquired | 16460024 | Direct |
| 2017-03-31 | Common Stock | A | 2801 | $47.10 | Acquired | 11148401 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-30 | Stock option (right to buy) | $18.406 | M | 150783 | Disposed | 2017-03-30 | Common Stock (150783) | Direct |
| 2017-03-31 | Stock option (right to buy) | $47.10 | A | 23885 | Acquired | 2027-03-31 | Common Stock (23885) | Direct |
Footnotes
F1: Stock option exercised by Leslie H. Wexner ("Mr. Wexner").
F2: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner.
F3: 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.
F4: 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.
F5: Reflects adjustments from antidilution etc. pursuant to the Issuer's stock plan.
F6: The Issuer originally granted 106,500 stock options to Mr. Wexner with an exercise price of $26.06 per share pursuant to the Issuer's stock plan. The options vested in original installments as follows: 3/30/08 - 26,625 shares; 3/30/09 - 26,625 shares; 3/30/10 - 26,625 shares; and 3/30/11 - 26,625 shares.
F7: Not applicable.
F8: Non-employee director fees paid in stock to Mrs. Wexner.
F9: Owned by Mrs. Wexner directly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.
F10: Stock option granted to Mr. Wexner.
F11: The option vests in installments as follows: 3/31/2019 - 4,777 shares; 3/31/2020 - 4,777 shares; 3/31/2021 - 7,166 shares; and 3/31/2022 - 7,165 shares, subject to earlier forfeiture or acceleration.