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

May 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2020-05-13

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
2020-05-13	Common Stock	A	37363	—	Acquired	17626972	Direct
2020-05-13	Common Stock	A	7899	—	Acquired	17634871	Direct
2020-05-13	Common Stock	A	39252	—	Acquired	17674123	Direct
2020-05-13	Common Stock	A	8200	—	Acquired	17682323	Direct
2020-05-13	Common Stock	A	18917	—	Acquired	17701240	Direct
2020-05-13	Common Stock	A	4777	—	Acquired	17706017	Direct
2020-05-14	Common Stock	A	10678	—	Acquired	17716695	Direct
2020-05-14	Common Stock	A	10678	—	Acquired	11167147	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 13, 2020, 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.

F7: Non-employee director fees paid in stock to Mrs. Wexner.

F8: Owned by Mrs. Wexner directly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.

F9: Non-employee director fees paid in stock to Mr. Wexner.