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

May 15, 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: Burgdoerfer Stuart B (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-13	Common Stock, $0.50 par value	A	27606.0000	$0.0000	Acquired	93596.0000	Direct
2020-05-13	Common Stock, $0.50 par value	F	8381.0000	$10.6000	Disposed	85215.0000	Direct

Footnotes

F1: The performance conditions for a portion of performance-based restricted stock units previously granted to Insider were 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.