<SEC-DOCUMENT>0001140361-20-011813.txt : 20200515
<SEC-HEADER>0001140361-20-011813.hdr.sgml : 20200515
<ACCEPTANCE-DATETIME>20200515204200
ACCESSION NUMBER:		0001140361-20-011813
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200513
FILED AS OF DATE:		20200515
DATE AS OF CHANGE:		20200515

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:		20887489

	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:		20887490

	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

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:			0130

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
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    <periodOfReport>2020-05-13</periodOfReport>

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        <issuerCik>0000701985</issuerCik>
        <issuerName>L Brands, Inc.</issuerName>
        <issuerTradingSymbol>LB</issuerTradingSymbol>
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        <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>
            <isTenPercentOwner>true</isTenPercentOwner>
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    <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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    <footnotes>
        <footnote id="F1">The performance condition for a portion of a performance-based restricted stock unit (&quot;RSU&quot;) award previously granted to Leslie H. Wexner (&quot;Mr. Wexner&quot;) was satisfied on May 13, 2020, and such portion was vested and automatically settled for an equivalent number of shares of common stock of the Issuer on such date.</footnote>
        <footnote id="F2">Reflects adjustments from antidilution etc. pursuant to the Issuer's incentive plan.</footnote>
        <footnote id="F3">Not applicable.</footnote>
        <footnote id="F4">Owned by Mr. Wexner directly. Owned by Abigail S. Wexner (&quot;Mrs. Wexner&quot;) indirectly, through Mr. Wexner.</footnote>
        <footnote id="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>
        <footnote id="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>
        <footnote id="F7">Non-employee director fees paid in stock to Mrs. Wexner.</footnote>
        <footnote id="F8">Owned by Mrs. Wexner directly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.</footnote>
        <footnote id="F9">Non-employee director fees paid in stock to Mr. Wexner.</footnote>
    </footnotes>

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

    <ownerSignature>
        <signatureName>/s/ Leslie H. Wexner</signatureName>
        <signatureDate>2020-05-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <div style="text-align: right; text-indent: -216pt; margin-left: 216pt;"><u>Exhibit 99.1</u></div>
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              <div>Name and Address of Reporting Person:</div>
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              <div>Leslie H. Wexner</div>
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              <div>L Brands, Inc. (LB)</div>
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              <div>Common Stock</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div>8,483,845</div>
            </td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">
              <div>I&#160; (3)</div>
            </td>
            <td style="width: 28%; vertical-align: top;">
              <div>The Linden West Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">&#160;</td>
            <td style="width: 28%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div>Common Stock</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div>4,892,608</div>
            </td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">
              <div>I&#160; (3)</div>
            </td>
            <td style="width: 28%; vertical-align: top;">
              <div>Wexner Personal Holdings Corporation</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">&#160;</td>
            <td style="width: 28%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div>Common Stock</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div>191,515</div>
            </td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">
              <div>I&#160; (4)</div>
            </td>
            <td style="width: 28%; vertical-align: top;">
              <div>The Beech Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">&#160;</td>
            <td style="width: 28%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 25%; vertical-align: top;">
              <div>Common Stock</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div>1,968,719&#160; (5)</div>
            </td>
            <td style="width: 7%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 15.21%; vertical-align: top;">
              <div>I&#160; (3)</div>
            </td>
            <td style="width: 28%; vertical-align: top;">
              <div>Held in L Brands, Inc. Savings and Retirement Plan for Leslie H. Wexner&#8217;s account</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>See Notes on next page.</div>
      <div> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 1 of 3</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z4da7e54a621a4a90b35d0e841f0e6e47" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Name and Address of Reporting Person:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Leslie H. Wexner</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">
                <div>c/o L Brands, Inc.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">
                <div>Three Limited Parkway</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">
                <div>Columbus, OH&#160; 43216</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Issuer Name and Ticker or Trading Symbol:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>L Brands, Inc. (LB)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>
                  <div>Date of Earliest Transaction Required</div>
                  to be Reported (Month/Day/Year):</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div> <br>
                </div>
                <div>5/13/2020</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><u>Notes</u>:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zceceb6113a5f436bbb51d8ec8f419197">

            <tr>
              <td style="width: 21.6pt; vertical-align: top; align: right;">
                <div>(1)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Owned by Abigail S. Wexner (&#8220;Mrs. Wexner&#8221;) directly.&#160; Owned by Leslie H. Wexner (&#8220;Mr. Wexner&#8221;) indirectly, through Mrs. Wexner.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3f6404042ffb4526976197c4ad257537">

            <tr>
              <td style="width: 21.6pt; vertical-align: top; align: right;">
                <div>(2)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Owned by Mr. Wexner directly.&#160; Owned by Mrs. Wexner indirectly, through Mr. Wexner.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5992e4883a7d4ff18871b87a1953c0ab">

            <tr>
              <td style="width: 21.6pt; vertical-align: top; align: right;">
                <div>(3)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Owned by Mr. Wexner indirectly.&#160; Owned by Mrs. Wexner indirectly, through Mr. Wexner.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z84853111d2e44fcfa7461bb99348b3b4">

            <tr>
              <td style="width: 21.6pt; vertical-align: top; align: right;">
                <div>(4)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Owned by Mrs. Wexner indirectly.&#160; Owned by Mr. Wexner indirectly, through Mrs. Wexner.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5306811ff4c44631a6e43d8fe16d02f7">

            <tr>
              <td style="width: 21.6pt; vertical-align: top; align: right;">
                <div>(5)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Based on account balance as of April 30, 2020.&#160; The Savings and Retirement Plan is a &#8220;qualified plan&#8221; within the meaning of Rule 16b-3.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>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>
      <div><br>
      </div>
      <div>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>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 2 of 3</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><u>Joint Filer Information</u></div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z11d45ec0fa8c4d268343d53059bc9878" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Name of Joint Filer:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Abigail S. Wexner</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Address of Joint Filer:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>c/o L Brands, Inc.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div><br>
                </div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Three Limited Parkway</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div><br>
                </div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Columbus, OH&#160; 43216</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Relationship of Joint Filer to Issuer:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Director</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Issuer Name and Ticker or Trading Symbol:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>L Brands, Inc. (LB)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>
                  <div>Date of Earliest Transaction Required</div>
                  to be Reported (Month/Day/Year):</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div> <br>
                </div>
                <div>5/13/2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>Designated Filer:</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div>Leslie H. Wexner</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div></div>
      <div style="text-indent: -216pt; margin-left: 216pt;"></div>
      <div style="font-weight: bold;">Signature:</div>
      <div><br>
      </div>
      <div><u>/s/ Abigail S. Wexner</u></div>
      <div>Abigail S. Wexner</div>
      <div><br>
      </div>
      <div><u>May 15, 2020</u></div>
      <div>Date</div>
    </div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div>
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 3 of 3</font></div>
    </div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
