LB - SEC Form 4 insider transactions

Director Watson Charles L. sold $3,974,476 worth of Class A shares (53,350 units at $74.50) (SEC Form 4)

Director Five Point Energy Fund Ii Aiv-Vii Lp disposed of 2,500,000 units of Class B shares, converted options into 2,500,000 units of Class A shares and sold $175,000,000 worth of Class A shares (2,500,000 units at $70.00) (SEC Form 4)

Director Landbridge Holdings Llc disposed of 2,500,000 units of Class B shares, converted options into 2,500,000 units of Class A shares and sold $175,000,000 worth of Class A shares (2,500,000 units at $70.00) (SEC Form 4)

Director Capobianco David N disposed of 2,500,000 units of Class B shares, converted options into 2,500,000 units of Class A shares and sold $175,000,000 worth of Class A shares (2,500,000 units at $70.00) (SEC Form 4)

Amendment: Director Chase Valerie was granted 2,201 units of Class A shares, increasing direct ownership by 21% to 12,479 units (SEC Form 4)

Amendment: Director Nicolas Andrea Liria was granted 2,201 units of Class A shares, increasing direct ownership by 30% to 9,554 units (SEC Form 4)

Amendment: Director Watson Charles L. was granted 2,201 units of Class A shares, increasing direct ownership by 30% to 9,554 units (SEC Form 4)

Amendment: Director Daul Ty P. was granted 2,201 units of Class A shares, increasing direct ownership by 14% to 18,368 units (SEC Form 4)

Director Chase Valerie was granted 3,895 units of Class A shares, increasing direct ownership by 38% to 14,173 units (SEC Form 4)

Director Daul Ty P. was granted 3,895 units of Class A shares, increasing direct ownership by 24% to 20,048 units (SEC Form 4)

Director Watson Charles L. was granted 3,895 units of Class A shares, increasing direct ownership by 53% to 11,248 units (SEC Form 4)

Director Nicolas Andrea Liria was granted 3,895 units of Class A shares, increasing direct ownership by 53% to 11,248 units (SEC Form 4)

Officer Long Jason Thomas covered exercise/tax liability with 33,424 units of Class A shares, decreasing direct ownership by 13% to 221,403 units (SEC Form 4)

Officer Williams Jason Frederick covered exercise/tax liability with 9,757 units of Class A shares, decreasing direct ownership by 13% to 64,633 units (SEC Form 4)

Officer Bolling Harrison Fenner covered exercise/tax liability with 8,366 units of Class A shares, decreasing direct ownership by 11% to 66,024 units (SEC Form 4)

Officer Mcneely Scott Lloyd covered exercise/tax liability with 12,187 units of Class A shares, decreasing direct ownership by 13% to 80,727 units (SEC Form 4)

Director Landbridge Holdings Llc disposed of 1,900,000 units of Class B shares, converted options into 1,900,000 units of Class A shares and sold $142,975,000 worth of Class A shares (1,900,000 units at $75.25) (SEC Form 4)

Director Capobianco David N disposed of 1,900,000 units of Class B shares, converted options into 1,900,000 units of Class A shares and sold $142,975,000 worth of Class A shares (1,900,000 units at $75.25) (SEC Form 4)

Director Landbridge Holdings Llc returned $150,000,023 worth of Class B shares to the company (2,498,751 units at $60.03) (SEC Form 4)

Director Capobianco David N returned $150,000,023 worth of Class B shares to the company (2,498,751 units at $60.03) (SEC Form 4)

Director Nicolas Andrea Liria was granted 7,353 units of Class A shares (SEC Form 4)

Director Watson Charles L. was granted 7,353 units of Class A shares (SEC Form 4)

Officer Williams Jason Frederick was granted 74,390 units of Class A shares (SEC Form 4)

Officer Bolling Harrison Fenner was granted 74,390 units of Class A shares (SEC Form 4)

Director Daul Ty P. was granted 7,353 units of Class A shares, increasing direct ownership by 84% to 16,153 units (SEC Form 4)

Officer Mcneely Scott Lloyd was granted 92,914 units of Class A shares (SEC Form 4)

Director Chase Valerie was granted 7,353 units of Class A shares, increasing direct ownership by 251% to 10,278 units (SEC Form 4)

Chief Executive Officer Long Jason Thomas was granted 254,827 units of Class A shares (SEC Form 4)

SEC Form 4: Nash Sarah E converted options into 2,283 units of Common Stock and sold $954,127 worth of Common Stock (14,400 units at $66.26), decreasing direct ownership by 38% to 20,094 units

SEC Form 4: Bersani James L. sold $1,292,354 worth of Common Stock (19,913 units at $64.90), decreasing direct ownership by 11% to 161,734 units

SEC Form 4: Arlin Wendy C. was granted 6,729 units of Common Stock, increasing direct ownership by 6% to 110,747 units

SEC Form 4: Riley Deon was granted 6,729 units of Common Stock, increasing direct ownership by 22% to 36,695 units

SEC Form 4: Rosen Julie was granted 6,729 units of Common Stock, increasing direct ownership by 17% to 46,301 units

SEC Form 4: Wu Michael C. was granted 2,524 units of Common Stock, increasing direct ownership by 18% to 16,330 units

SEC Form 4: Burgdoerfer Stuart B covered exercise/tax liability with 3,409 units of Common Stock, decreasing direct ownership by 4% to 84,085 units

SEC Form 4: MORRIS MICHAEL G converted options into 60,374 units of Common Stock, increasing direct ownership by 488% to 72,756 units

SEC Form 4: Sheehan Anne converted options into 23,733 units of Common Stock, increasing direct ownership by 803% to 26,690 units

SEC Form 4: STEINOUR STEPHEN D converted options into 33,149 units of Common Stock, increasing direct ownership by 222% to 48,052 units

SEC Form 4: Bersani James L. covered exercise/tax liability with 7,850 units of Common Stock and converted options into 8,723 units of Common Stock, increasing direct ownership by 0.53% to 166,841 units

SEC Form 4: Bellinger Patricia S. converted options into 24,306 units of Common Stock, increasing direct ownership by 423% to 30,050 units

SEC Form 4: JAMES DONNA converted options into 57,115 units of Common Stock, increasing direct ownership by 240% to 80,931 units

SEC Form 4: Nash Sarah E converted options into 26,799 units of Common Stock, increasing direct ownership by 495% to 32,211 units

SEC Form 4: SCHOTTENSTEIN ROBERT H converted options into 24,402 units of Common Stock, increasing direct ownership by 1,174% to 26,480 units

SEC Form 4: Bersani James L. gifted 5,000 units of Common Stock, decreasing direct ownership by 3% to 165,968 units

SEC Form 4 filed by L Brands, Inc.

SEC Form 4: Bersani James L. sold $2,523,258 worth of Common Stock (36,458 units at $69.21) and exercised 20,898 units of Common Stock at a strike of $47.34, decreasing direct ownership by 8% to 170,968 units

SEC Form 4: Symancyk James Kevin was granted 1,731 units of Common Stock

SEC Form 4: Bellinger Patricia S. was granted 2,078 units of Common Stock, increasing direct ownership by 57% to 5,744 units

SEC Form 4: JAMES DONNA was granted 2,078 units of Common Stock, increasing direct ownership by 10% to 23,816 units

SEC Form 4: Wexner Leslie H. exercised 430,852 units of Common Stock at a strike of $48.31

SEC Form 4: Bersani James L. disposed of $298,156 worth of Common Stock (4,425 units at $67.38), decreasing direct ownership by 2% to 186,528 units

SEC Form 4: L. James Bersani disposed of $443,041 worth of Common Stock (7,162 units at $61.86), decreasing direct ownership by 4% to 190,953 units

SEC Form 4: Andrew Meslow disposed of $527,418 worth of Common Stock (8,526 units at $61.86), decreasing direct ownership by 3% to 258,711 units

SEC Form 4: H. Leslie Wexner gifted 2,000,000 units of Common Stock, received a gift of 2,000,000 units of Common Stock and sold $177,845,500 worth of Common Stock (3,050,000 units at $58.31)

SEC Form 4: Andrew Meslow disposed of $941,397 worth of Common Stock (15,550 units at $60.54), decreasing direct ownership by 5% to 267,237 units

SEC Form 4: L. James Bersani disposed of $80,458 worth of Common Stock (1,329 units at $60.54), decreasing direct ownership by 0.67% to 198,115 units

SEC Form 4: M. Danielle Lee was granted 332 units of Common Stock

SEC Form 4: Francis Hondal was granted 332 units of Common Stock

SEC Form 4: Julie Rosen was granted 4,978 units of Common Stock, increasing direct ownership by 18% to 31,936 units

SEC Form 4: L. James Bersani was granted 4,978 units of Common Stock, increasing direct ownership by 3% to 199,444 units