James L. Bersani - May 27, 2021 Form 4 Insider Report for L Brands, Inc. (BBWI)

Role
President - Real Estate
Signature
Robert J. Tannous, Attorney-in-Fact
Stock symbol
BBWI
Transactions as of
May 27, 2021
Transactions value $
-$1,533,848
Form type
4
Date filed
5/28/2021, 09:20 PM
Next filing
Jun 30, 2021

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 $487K +11.6K +6.24% $41.88 198K May 27, 2021 Direct
transaction BBWI Common Stock, $0.50 par value Options Exercise $502K +9.26K +4.67% $54.21 207K May 27, 2021 Direct
transaction BBWI Common Stock, $0.50 par value Sale -$2.52M -36.5K -17.58% $69.21 171K May 27, 2021 Direct F1

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 Stock Option - Right to Buy Options Exercise $0 -9.26K -100% $0.00* 0 May 27, 2021 Common Stock, $0.50 par value 9.26K $54.21 Direct F2
transaction BBWI Stock Option - Right to Buy Options Exercise $0 -11.6K -100% $0.00* 0 May 27, 2021 Common Stock, $0.50 par value 11.6K $41.88 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price represents a weighted average of the sale price. Shares were sold at prices ranging from $68.61 to $69.55. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.
F2 Option vests 20% on each of the second and third anniversaries of the date of grant and 30% on each of the fourth and fifth anniversaries of the date of grant.