Bath & Body Works, Inc. — Director's Dealing 2018

May 25, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2018-05-17

Reporting Person: Milano Shelley B (EVP&Chief Human Resources Off)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.50 par value	50928.0000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option - Right to Buy	$34.1900	2028-05-16	Common Stock, $0.50 par value (3839.0000)		Direct
Stock Option - Right to Buy	$39.4200	2029-03-21	Common Stock, $0.50 par value (13794.0000)		Direct
Stock Option - Right to Buy	$47.1000	2027-03-31	Common Stock, $0.50 par value (10533.0000)		Direct
Stock Option - Right to Buy	$87.8100	2026-03-31	Common Stock, $0.50 par value (5381.0000)		Direct

Footnotes

F1: 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.

F2: Option vests 1/3 per year beginning on the first anniversary of the date of grant.