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

Feb 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L Brands, Inc. (LB)
CIK: 0000701985
Period of Report: 2020-01-29

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-29	Stock option (right to buy)	$23.22	A	30233	Acquired	2030-01-29	Common Stock (30233)	Direct
2020-01-29	Restricted Share Unit	$	A	15116	Acquired	2023-01-29	Common Stock (15116)	Direct

Footnotes

F1: Granted by the Issuer to Leslie H. Wexner ("Mr. Wexner.")

F2: The option vests in installments as follows: 1/29/2021 - 10,078 shares; 1/29/2022 - 10,078 shares; and 1/29/2023 - 10,077 shares, subject to earlier forfeiture or acceleration.

F3: Not applicable.

F4: Owned by Mr. Wexner directly. Owned by Abigail S. Wexner ("Mrs. Wexner") indirectly, through Mr. Wexner. Mrs. Wexner disclaims beneficial ownership of all such indirectly owned securities in excess of her pecuniary interest therein.

F5: The Restricted Share Units ("RSUs") confer no voting rights, may not be sold, and automatically settle for an equivalent number of shares of common stock of the Issuer on the vesting date unless deferred to a later date.

F6: The RSUs vest on January 29, 2023, subject to earlier forfeiture or acceleration.