<SEC-DOCUMENT>0001140361-17-000452.txt : 20170104
<SEC-HEADER>0001140361-17-000452.hdr.sgml : 20170104
<ACCEPTANCE-DATETIME>20170104170012
ACCESSION NUMBER:		0001140361-17-000452
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161230
FILED AS OF DATE:		20170104
DATE AS OF CHANGE:		20170104

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			L Brands, Inc.
		CENTRAL INDEX KEY:			0000701985
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-WOMEN'S CLOTHING STORES [5621]
		IRS NUMBER:				311029810
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0128

	BUSINESS ADDRESS:	
		STREET 1:		THREE LIMITED PKWY
		STREET 2:		P O BOX 16000
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43216
		BUSINESS PHONE:		6144157000

	MAIL ADDRESS:	
		STREET 1:		THREE LIMITED PARKWAY
		STREET 2:		P.O. BOX 16000
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIMITED BRANDS INC
		DATE OF NAME CHANGE:	20020613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIMITED INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEXNER ABIGAIL S
		CENTRAL INDEX KEY:			0001250041

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08344
		FILM NUMBER:		17506627

	MAIL ADDRESS:	
		STREET 1:		C/O L BRANDS, INC.
		STREET 2:		THREE LIMITED PARKWAY
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wexner Leslie H.
		CENTRAL INDEX KEY:			0000901359

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08344
		FILM NUMBER:		17506628

	MAIL ADDRESS:	
		STREET 1:		C/O L BRANDS, INC.
		STREET 2:		THREE LIMITED PARKWAY
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43216

	FORMER NAME:	
		FORMER CONFORMED NAME:	WEXNER LESLIE H
		DATE OF NAME CHANGE:	19930420
</SEC-HEADER>
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<DESCRIPTION>FORM 4
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    <periodOfReport>2016-12-30</periodOfReport>

    <issuer>
        <issuerCik>0000701985</issuerCik>
        <issuerName>L Brands, Inc.</issuerName>
        <issuerTradingSymbol>LB</issuerTradingSymbol>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000901359</rptOwnerCik>
            <rptOwnerName>Wexner Leslie H.</rptOwnerName>
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        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O L BRANDS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>THREE LIMITED PARKWAY</rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43216</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <officerTitle>Chairman and CEO</officerTitle>
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    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001250041</rptOwnerCik>
            <rptOwnerName>WEXNER ABIGAIL S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O L BRANDS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>THREE LIMITED PARKWAY</rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43216</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2016-12-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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            <transactionAmounts>
                <transactionShares>
                    <value>1129688</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>65.925</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
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            </transactionAmounts>
            <postTransactionAmounts>
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                    <value>11145600</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
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                    <value>D</value>
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                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
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    <footnotes>
        <footnote id="F1">Transfer of shares from The Linden East Trust to Abigail S. Wexner (&quot;Mrs. Wexner&quot;) in exchange for property.</footnote>
        <footnote id="F2">Owned by Mrs. Wexner directly. Owned by Leslie H. Wexner (&quot;Mr. Wexner&quot;) indirectly, through Mrs. Wexner.</footnote>
        <footnote id="F3">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>
        <footnote id="F4">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>
    </footnotes>

    <remarks>Exhibit 99.1:   Joint Filer Information, incorporated herein by reference.</remarks>

    <ownerSignature>
        <signatureName>/s/ Leslie H. Wexner</signatureName>
        <signatureDate>2017-01-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Abigail S. Wexner</signatureName>
        <signatureDate>2017-01-04</signatureDate>
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<DOCUMENT>
<TYPE>EX-99.1
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<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
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<div style="TEXT-ALIGN: right; TEXT-INDENT: -216pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt"><u>Exhibit 99.1</u></div>

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<td style="WIDTH: 216pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">Name and Address of Reporting Person:</td>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Leslie H. Wexner</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">c/o L Brands, Inc.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Three Limited Parkway</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Columbus, OH 43216</div>

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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">L Brands, Inc. (LB)</div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: -216pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Date of Earliest Transaction Required</div>

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<td style="WIDTH: 216pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">to be Reported (Month/Day/Year):</td>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">12/30/2016</div>
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<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top">&#160;</td>
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<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
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<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">16,309,241 (6)</div>
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<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
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<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">(2)</div>
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<tr>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Common Stock</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
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<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">D/I (1)</div>
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<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: top">
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</td>
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<tr>
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</tr>

<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Common Stock</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">127,567</div>
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<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">I (4)</div>
</td>
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<td style="WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">The Linden East Trust</div>
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<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
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<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Common Stock</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">8,992,886</div>
</td>
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</td>
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<td style="WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">The Linden West Trust</div>
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<tr>
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</tr>

<tr>
<td style="WIDTH: 25%; VERTICAL-ALIGN: top">
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</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">4,892,608</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">I (3)</div>
</td>
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<td style="WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Wexner Personal Holdings Corporation</div>
</td>
</tr>

<tr>
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<td style="TEXT-ALIGN: center; WIDTH: 23%; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">191,515</div>
</td>
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<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">1,875,951 (5)(6)</div>
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<div style="FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">I (3)</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', serif; FONT-SIZE: 10pt">Held in L Brands, Inc. Savings and Retirement Plan for Leslie H. Wexner&#8217;s account</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Leslie H. Wexner</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">c/o L Brands, Inc.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Three Limited Parkway</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Columbus, OH 43216</div>

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<div style="TEXT-ALIGN: left; TEXT-INDENT: -216pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Date of Earliest Transaction Required</div>

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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">12/30/2016</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Owned by Abigail S. Wexner (&#8220;Mrs. Wexner&#8221;) directly. Owned by Leslie H. Wexner (&#8220;Mr. Wexner&#8221;) indirectly, through Mrs. Wexner.</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Owned by Mr. Wexner directly. Owned by Mrs. Wexner indirectly, through Mr. Wexner.</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Owned by Mr. Wexner indirectly. Owned by Mrs. Wexner indirectly, through Mr. Wexner.</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Owned by Mrs. Wexner indirectly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Based on account balance as of December 31, 2016. The Savings and Retirement Plan is a &#8220;qualified plan&#8221; within the meaning of Rule 16b-3.</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Reflects the transfer on October 13, 2016, of 84,093 shares from the Savings and Retirement Plan to Mr. Wexner (in a transaction exempt under Rule 16a-13).</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">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.</div>

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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">This Form does not report the shares of Common Stock owned by The Wexner Family Charitable Fund (for which each of Mr. and Mrs. Wexner serve as a director) 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).</div>

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<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt"><u>Joint Filer Information</u></div>

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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Abigail S. Wexner</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">c/o L Brands, Inc.</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Three Limited Parkway</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Columbus, OH 43216</div>

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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Director</div>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">L Brands, Inc. (LB)</div>
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<div style="TEXT-ALIGN: left; TEXT-INDENT: -216pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 216pt; FONT-SIZE: 10pt">Date of Earliest Transaction Required</div>

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<td style="WIDTH: 216pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">to be Reported (Month/Day/Year):</td>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">12/30/2016</div>
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<td style="WIDTH: 216pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">Designated Filer:</td>
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<div style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Leslie H. Wexner</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">/s/ Abigail S. Wexner</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Abigail S. Wexner</div>
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<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">January 4, 2017</div>
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