Bath & Body Works, Inc. — Director's Dealing 2020

May 21, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2020-05-14

Reporting Person: Meslow Andrew (Director, Chief Executive Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.50 par value	247944.0000	Direct
Common Stock, $0.50 par value	3455.0000	Indirect
Common Stock, $0.50 par value	1369.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option - Right to Buy	$27.9400	2029-03-29	Common Stock, $0.50 par value (34225.0000)		Direct
Stock Option - Right to Buy	$39.4200	2028-03-21	Common Stock, $0.50 par value (15261.0000)		Direct
Stock Option - Right to Buy	$41.8789	2023-03-29	Common Stock, $0.50 par value (6707.0000)		Direct
Stock Option - Right to Buy	$47.1000	2027-03-31	Common Stock, $0.50 par value (12341.0000)		Direct
Stock Option - Right to Buy	$54.2142	2024-03-31	Common Stock, $0.50 par value (7117.0000)		Direct
Stock Option - Right to Buy	$87.8100	2026-03-31	Common Stock, $0.50 par value (8541.0000)		Direct
Stock Option - Right to Buy	$91.1673	2025-04-02	Common Stock, $0.50 par value (5757.0000)		Direct

Footnotes

F1: Option vests 1/3 per year beginning on the first anniversary of the date of grant.

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.