Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Wexner Leslie H.	2. Issuer Name and Ticker or Trading Symbol L Brands, Inc. [ LB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) C/O N.A. PROPERTY, INC., 8000 WALTON PARKWAY	3. Date of Earliest Transaction (MM/DD/YYYY) 7/19/2021
(Street) NEW ALBANY, OH 43054 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	6/28/2021		G⁽¹⁾	V	10814206	D	⁽²⁾	0 ⁽³⁾⁽⁵⁾⁽⁶⁾	D ⁽³⁾⁽⁵⁾⁽⁶⁾
Common Stock	6/28/2021		G⁽¹⁾	V	10814206	A	⁽²⁾	28001096 ⁽⁴⁾⁽⁵⁾⁽⁶⁾	D ⁽⁴⁾⁽⁵⁾⁽⁶⁾
Common Stock	7/19/2021		S⁽⁷⁾		5958809 ⁽⁸⁾	D	$73.01	0 ⁽⁵⁾⁽⁶⁾⁽⁹⁾	I ⁽⁵⁾⁽⁶⁾⁽⁹⁾	See Note ⁽⁹⁾
Common Stock	7/19/2021		S⁽⁷⁾		13001096	D	$73.01	15000000 ⁽⁴⁾⁽⁵⁾⁽⁶⁾	D ⁽⁴⁾⁽⁵⁾⁽⁶⁾
Common Stock	7/19/2021		S⁽¹⁰⁾		10000000	D	$73.01	5000000 ⁽⁴⁾⁽⁵⁾⁽⁶⁾	D ⁽⁴⁾⁽⁵⁾⁽⁶⁾

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
(1)	Gift of shares from Abigail S. Wexner ("Mrs. Wexner") to Leslie H. Wexner ("Mr. Wexner").
(2)	Not applicable. No consideration in exchange.
(3)	Owned by Mrs. Wexner directly. Owned by Mr. Wexner indirectly, through Mrs. Wexner.
(4)	Owned by Mr. Wexner directly. Owned by Mrs. Wexner indirectly, through Mr. Wexner.
(5)	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.
(6)	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.
(7)	Sold to underwriter in a registered public offering.
(8)	Comprised of sales of: 127,567 shares by The Linden East Trust; 3,611,181 shares by The Linden West Trust; 141,515 shares by The Beech Trust; 352,941 shares by Linden East II trust; 352,941 shares by Linden West II trust; 343,166 shares by Pine Trust; 343,166 shares by Willow Trust; 343,166 shares by Cedar Trust; and 343,166 shares by Rose Trust. Excludes shares sold by The Wexner Family Charitable Fund 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).
(9)	Indirectly owned by Mr. Wexner and/or Mrs. Wexner.
(10)	Sold to the Issuer.

Remarks:
Exhibit 99.1 - Additional Responses and Joint Filer Information, incorporated herein by reference.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Wexner Leslie H. C/O N.A. PROPERTY, INC. 8000 WALTON PARKWAY NEW ALBANY, OH 43054		X
WEXNER ABIGAIL S C/O N.A. PROPERTY, INC. 8000 WALTON PARKWAY NEW ALBANY, OH 43054				10% Owner related