James L. Bersani - 27 May 2021 Form 4 Insider Report for L Brands, Inc. (BBWI)

Role: President - Real Estate
Signature: Robert J. Tannous, Attorney-in-Fact
Issuer symbol: BBWI
Transactions as of: 27 May 2021
Net transactions value: -$1,533,848
Form type: 4
Filing time: 28 May 2021, 21:20:35 UTC
Next filing: 30 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBWI	Common Stock, $0.50 par value	Options Exercise	$487,387	+11,638	+6.2%	$41.88	198,166	27 May 2021	Direct
transaction	BBWI	Common Stock, $0.50 par value	Options Exercise	$502,023	+9,260	+4.7%	$54.21	207,426	27 May 2021	Direct
transaction	BBWI	Common Stock, $0.50 par value	Sale	$2,523,258	-36,458	-18%	$69.21	170,968	27 May 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BBWI	Stock Option - Right to Buy	Options Exercise	$0	-9,260	-100%	$0.000000^*	0	27 May 2021	Common Stock, $0.50 par value	9,260	$54.21	Direct	F2
transaction	BBWI	Stock Option - Right to Buy	Options Exercise	$0	-11,638	-100%	$0.000000^*	0	27 May 2021	Common Stock, $0.50 par value	11,638	$41.88	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Price represents a weighted average of the sale price. Shares were sold at prices ranging from $68.61 to $69.55. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.
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.