Leslie H. Wexner - 19 Jul 2021 Form 4 Insider Report for L Brands, Inc. (BBWI)

Reporting relationship: 10%+ Owner
Issuer ticker: BBWI
Reported as of: 19 Jul 2021
Net transaction value: -$2,114,362,664
SEC form: 4
Accepted by SEC: 20 Jul 2021, 17:04:12 UTC
Prior SEC filing: 07 Jun 2021
Source filing: View source filing
Reporting owner signature: /s/ Leslie H. Wexner

Key filing fact

Leslie H. Wexner filed Form 4 for L Brands, Inc. (BBWI) on 20 Jul 2021.

Key facts

This page summarizes Leslie H. Wexner's Form 4 filing for L Brands, Inc. (BBWI).
5 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 20 Jul 2021, 17:04.

Change

Previous filing in this sequence was filed on 07 Jun 2021.
Current net transaction value: -$2,114,362,664.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BBWI transaction

Common Stock

Gift

Transaction value
Shares: -10,814,206
Change %: -100%
Price
Shares after: 0
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F1, F2, F3, F5, F6

BBWI transaction

Common Stock

Gift

Transaction value
Shares: +10,814,206
Change %: +63%
Price
Shares after: 28,001,096
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F1, F2, F4, F5, F6

BBWI transaction

Common Stock

Sale

Transaction value: $435,052,645
Shares: -5,958,809
Change %: -100%
Price: $73.01
Shares after: 0
Date: 19 Jul 2021
Ownership: See Note
Footnotes: F5, F6, F7, F8, F9

BBWI transaction

Common Stock

Sale

Transaction value: $949,210,019
Shares: -13,001,096
Change %: -46%
Price: $73.01
Shares after: 15,000,000
Date: 19 Jul 2021
Ownership: Direct
Footnotes: F4, F5, F6, F7

BBWI transaction

Common Stock

Sale

Transaction value: $730,100,000
Shares: -10,000,000
Change %: -67%
Price: $73.01
Shares after: 5,000,000
Date: 19 Jul 2021
Ownership: Direct
Footnotes: F4, F5, F6, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Leslie H. Wexner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 10 footnotes

Footnote F1

Gift of shares from Abigail S. Wexner ("Mrs. Wexner") to Leslie H. Wexner ("Mr. Wexner").

Footnote F2

Not applicable. No consideration in exchange.

Footnote F3

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

Footnote F4

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

Footnote 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.

Footnote 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.

Footnote F7

Sold to underwriter in a registered public offering.

Footnote F8

Comprised of sales of: 127,567 shares by The Linden East Trust; 3,611,181 shares by The Linden West Trust; 141,515 shares by The Beech Trust; 352,941 shares by Linden East II trust; 352,941 shares by Linden West II trust; 343,166 shares by Pine Trust; 343,166 shares by Willow Trust; 343,166 shares by Cedar Trust; and 343,166 shares by Rose Trust. Excludes shares sold by The Wexner Family Charitable Fund because Mr. and Mrs. Wexner do not have a pecuniary interest in such shares, as the charitable fund is a tax exempt organization pursuant to IRC Section 501(c)(3).

Footnote F9

Indirectly owned by Mr. Wexner and/or Mrs. Wexner.

Footnote F10

Sold to the Issuer.

SEC remarks

Exhibit 99.1 - Additional Responses and Joint Filer Information, incorporated herein by reference.