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

May 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2018-05-16

Reporting Person: Wexner Leslie H. (N/A)
Reporting Person: WEXNER ABIGAIL S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-16	Common Stock	A	16540	—	Acquired	18008867	Direct
2018-05-16	Common Stock	A	48467	—	Acquired	18057334	Direct
2018-05-16	Common Stock	A	37259	—	Acquired	18094593	Direct
2018-05-16	Common Stock	A	12777	—	Acquired	18107370	Direct
2018-05-16	Common Stock	A	24909	—	Acquired	18132279	Direct
2018-05-16	Common Stock	A	5265	—	Acquired	18137544	Direct
2018-05-16	Common Stock	A	26168	—	Acquired	18163712	Direct
2018-05-16	Common Stock	A	5466	—	Acquired	18169178	Direct

Footnotes

F1: The performance condition for a portion of a performance-based restricted stock unit ("RSU") award previously granted to Leslie H. Wexner ("Mr. Wexner") was satisfied on May 17, 2017, and such portion was vested and automatically settled for an equivalent number of shares of common stock of the Issuer on such date.

F2: Reflects adjustments from antidilution etc. pursuant to the Issuer's incentive plan.

F3: Not applicable.

F4: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner.

F5: 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.

F6: 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.