Hanesbrands Inc. — Director's Dealing 2015

Apr 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Hanesbrands Inc. (HBI)
CIK: 0001359841
Period of Report: 2015-03-31

Reporting Person: Ryan Michael S. (Controller and CAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-31	Phantom Stock	$	I	80	Disposed		Common Stock (80.0)	Direct

Footnotes

F1: Represents a hypothetical investment in Hanesbrands Inc. common stock under the Hanesbrands Inc. Supplemental Employee Retirement Plan (the "Plan"). Following the Reporting Person's retirement or other termination of employment from Hanesbrands Inc. or as otherwise permitted under the terms of the Plan, balances in the Plan are settled in cash based on the value of Hanesbrands Inc. common stock on the applicable valuation dates determined under the terms of the Plan. The number of share equivalents shown is an estimate because the Reporting Person's interest in the Plan is denominated in units.

F2: Following the Reporting Person's retirement or other termination of employment from Hanesbrands Inc. or as otherwise permitted under the terms of the Plan, balances in the Plan are settled in cash based on the value of Hanesbrands Inc. common stock on the applicable valuation dates determined under the terms of the Plan.

F3: The number of share equivalents reported was determined by dividing the dollar amount distributed from the Reported Person's account by $29.78 (the split-adjusted closing price for Hanesbrands Inc. common stock on the valuation date of February 13, 2015).

F4: The balance is determined by dividing the value in the Reporting Person's account following the reported transaction by $33.51 (the closing price for Hanesbrands Inc. common stock on the transaction date of March 31, 2015).

F5: On March 3, 2015, the common stock of Hanesbrands Inc. split 4-for-1, resulting in the Reporting Person's ownership of 181 additional shares of phantom stock.