ROBERT H. SCHOTTENSTEIN - 08 Jul 2021 Form 4 Insider Report for L Brands, Inc. (BBWI)

Role: Director
Signature: Robert J. Tannous, Attorney-in-Fact
Issuer symbol: BBWI
Transactions as of: 08 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 12 Jul 2021, 18:57:41 UTC
Previous filing: 24 May 2021
Next filing: 29 Nov 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	$0	+24,402	+1174%	$0.000000	26,480	08 Jul 2021	Direct	F1
holding	BBWI	Common Stock, $0.50 par value						2,500	08 Jul 2021	By Frances Schottenstein 2010 Irrevocable Trust
holding	BBWI	Common Stock, $0.50 par value						2,000	08 Jul 2021	By Irving Schottenstein Marital Trust 2

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	Phantom Stock	Options Exercise	$0	-24,402	-100%	$0.000000^*	0	08 Jul 2021	Common Stock, $0.50 par value	24,402		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each share of phantom stock has the economic equivalent of one share of Issuer's common stock. On July 8, 2021, the reporting person's phantom stock units were settled for an equal number of shares of Issuer's common stock.