Bath & Body Works, Inc. — Director's Dealing 2017

Feb 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2017-02-24

Reporting Person: Coe Nicholas (CEO-Bath and Body Works)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-24	Common Stock, $0.50 par value	M	6626.0000	$41.8789	Acquired	6626.0000	Direct
2017-02-24	Common Stock, $0.50 par value	M	4467.0000	$41.5439	Acquired	11093.0000	Direct
2017-02-24	Common Stock, $0.50 par value	S	11093.0000	$51.0700	Disposed	0.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-24	Stock Option - Right to Buy	$41.8789	M	6626.0000	Disposed	2023-03-29	Common Stock, $0.50 par value (6626.0000)	Direct
2017-02-24	Stock Option - Right to Buy	$41.5439	M	4467.0000	Disposed	2022-03-30	Common Stock, $0.50 par value (4467.0000)	Direct

Footnotes

F1: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $50.92 to $51.43. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.

F2: 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.