Bath & Body Works, Inc. — Director's Dealing 2019

May 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2019-05-15

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
2019-05-15	Common Stock	A	37257	—	Acquired	17382340	Direct
2019-05-15	Common Stock	A	12777	—	Acquired	17395117	Direct
2019-05-15	Common Stock	A	37362	—	Acquired	17432479	Direct
2019-05-15	Common Stock	A	7898	—	Acquired	17440377	Direct
2019-05-15	Common Stock	A	26168	—	Acquired	17466545	Direct
2019-05-15	Common Stock	A	5466	—	Acquired	17472011	Direct
2019-05-15	Common Stock	A	18917	—	Acquired	17490928	Direct
2019-05-15	Common Stock	A	4777	—	Acquired	17495705	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 15, 2019, 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.