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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 32)
LIMITED BRANDS, INC.
(Name of Issuer)
COMMON STOCK, $0.50 PAR VALUE 532716-10-7
(Title of class of securities) (CUSIP number)
RAYMOND O. GIETZ, ESQ.
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WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to receive notices
and communications)
JUNE 28, 2006
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
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CUSIP No. 532716-10-7 13D Page 2
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1 NAME OF REPORTING PERSON: Leslie H. Wexner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
- ---------- ----------------------- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ---------- ----------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 40,437,504
SHARES
----- -------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 18,040,742
OWNED BY
----- -------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 41,747,197
REPORTING
----- -------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 18,040,742
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 59,787,939
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 14.9%
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14 TYPE OF REPORTING PERSON: IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 3
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1 NAME OF REPORTING PERSON: Abigail S. Wexner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
- -------------- ----------------------- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
----- -------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 10,168,573
OWNED BY
----- -------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
----- -------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 10,168,573
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,168,573
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.6%
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14 TYPE OF REPORTING PERSON: IN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 4
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1 NAME OF REPORTING PERSON: Wexner Personal Holdings Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
- ----------- ----------------------- -------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 4,892,608
SHARES
------ ---------------------------------- -------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- -------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 4,892,608
REPORTING
------ ---------------------------------- -------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 4,892,608
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.2%
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14 TYPE OF REPORTING PERSON: CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 5
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1 NAME OF REPORTING PERSON: Foxcote One
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 8,657,998
SHARES
------ ---------------------------------- -----------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- -----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 8,657,998
REPORTING
------ ---------------------------------- -----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 8,657,998
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.2%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 6
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1 NAME OF REPORTING PERSON: Foxcote Two
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 2,885,305
SHARES
------ ---------------------------------- ------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- ------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,885,305
REPORTING
------ ---------------------------------- ------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,885,305
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.7%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 7
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1 NAME OF REPORTING PERSON: Trust 600
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 3,300,568
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- --------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 3,300,568
REPORTING
------ ---------------------------------- --------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 3,300,568
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 8
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1 NAME OF REPORTING PERSON: R.H.R.E.I. Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 4,571,601
SHARES
------ ---------------------------------- ------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------ ---------------------------------- ------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 4,571,601
REPORTING
------ ---------------------------------- ------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 4,571,601
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.2%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 532716-10-7 13D Page 9
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1 NAME OF REPORTING PERSON: The Family Trust
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ohio
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NUMBER OF 7 SOLE VOTING POWER: 15,000,000
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
----- -------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 15,000,000
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 15,000,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.8%
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14 TYPE OF REPORTING PERSON: OO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 32 amends the Schedule 13D dated June 25, 1985, as
amended in certain respects by Amendments No. 1 through 31 thereto, and is filed
by Leslie H. Wexner, for and on behalf of himself, Abigail S. Wexner, Wexner
Personal Holdings Corporation, Foxcote One, Foxcote Two, Trust 600, the
R.H.R.E.I. Trust, and The Family Trust (collectively, the "Purchasers"), with
respect to the common stock, $0.50 par value per share (the "Common Stock"), of
Limited Brands, Inc. (the "Company").
Item 2. Identity and Background.
Item 2 is amended as follows:
The Family Trust is a trust organized under the laws of Ohio. The
principal business of the trust is investments, and the principal office of the
trust is 8000 Walton Parkway, New Albany, Ohio 43054. Leslie H. Wexner is the
sole trustee of The Family Trust.
During the last five years neither The Family Trust nor Leslie H.
Wexner, has been (i) convicted of any criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to federal
or state securities laws or finding any violation with respect to such laws.
Other information required by Item 2 of Schedule 13D with respect to
Leslie H. Wexner has been reported previously.
An agreement among the Purchasers with respect to the filing of this
statement is attached hereto as Exhibit 1.
Item 5. Interest in Securities of the Issuer.
(a) The responses of the Purchasers to Rows (11) through (13) of
the cover pages of this Amendment No. 32 are incorporated herein by reference.
As of July 2, 2006, the Purchasers beneficially owned the number shares of the
Common Stock listed below, representing approximately the percentage of the
outstanding shares of Common Stock set forth opposite such number (the
outstanding shares of Common Stock, 396,270,652, being based on the number of
shares outstanding as of May 25, 2006 as reported in the Company's Quarterly
Report on Form 10-Q for the quarterly period ended April 29, 2006), as
determined in accordance with Rule 13d-3.
Percent
Person Number of Shares of Class
------------------- ----------------------- --------
Leslie H. Wexner 59,787,939 (1)(3)(4)(5)(6)(7)(8) 14.9%
Abigail S. Wexner 10,168,573 (2)(5) 2.6%
Wexner Personal Holdings 4,892,608 (3) 1.2%
Corporation
Foxcote One 8,657,998 (4) 2.2%
Foxcote Two 2,885,305 (5) 0.7%
10
Percent
Person Number of Shares of Class
------------------- ----------------------- --------
Trust 600 3,300,568 (6) 0.8%
R.H.R.E.I. Trust 4,571,601 (7) 1.2%
The Family Trust 15,000,000 (8) 3.8%
- ----------------------------
(1) Includes: 1,309,693 shares held in Limited Brands Savings and
Retirement Plan for Mr. Wexner's account (as of May 31, 2006) over
which Mr. Wexner exercises dispositive but not voting control; and
5,053,245 shares issuable within approximately 60 days upon exercise of
outstanding options held by Mr. Wexner. Also includes 7,283,268 shares
(including 8,702 shares issuable within approximately 60 days upon
exercise of outstanding options) beneficially owned by Abigail S.
Wexner, Mr. Wexner's wife, as to which Mr. Wexner may be deemed to
share the power to vote and direct the disposition.
(2) Includes 8,702 shares issuable within approximately 60 days upon
exercise of outstanding options held by Mrs. Wexner. The power to vote
or direct the disposition of the shares beneficially owned by Mrs.
Wexner may be deemed to be shared with her husband, Leslie H. Wexner.
Excludes 49,619,366 shares beneficially owned by Leslie H. Wexner, Mrs.
Wexner's husband, as to which Mrs. Wexner disclaims beneficial
ownership.
(3) Power to vote or direct the disposition of the 4,892,608 shares held by
Leslie H. Wexner as the sole stockholder, director and officer of
Wexner Personal Holdings Corporation.
(4) Power to vote or direct the disposition of the 8,657,998 shares held by
Leslie H. Wexner as the sole trustee of Foxcote One.
(5) Power to vote or direct the disposition of the 2,885,305 shares held by
Foxcote Two may be deemed to be shared by its two trustees, Abigail S.
Wexner and Leslie H. Wexner.
(6) Power to vote or direct the disposition of the 3,300,568 shares held by
Trust 600 may be deemed to be shared by Leslie H. Wexner and Jeffrey E.
Epstein, who is the sole stockholder, director and president of the
trustee.
(7) Power to vote or direct the disposition of the 4,571,601 shares held by
the R.H.R.E.I. Trust may be deemed to be shared by Leslie H. Wexner and
Jeffrey E. Epstein, who is the sole stockholder, director and president
of the trustee.
(8) Power to vote or direct the disposition of the 15,000,000 shares held
by Leslie H. Wexner as the sole trustee of The Family Trust.
(b) The responses of the Purchasers to (i) Rows (7)
through (10) of the cover pages of this Amendment No. 32 and (ii) Item 5(a)
hereof are incorporated herein by reference.
(c) In addition to the transactions described in Item 6
of this Amendment No. 32 (which are hereby incorporated herein by reference),
during the past 60 days the Purchasers effected the following transaction in the
Common Stock:
11
Date of Amount of Price per Where and
Person Transaction Securities Share How Effected
------ ----------- ---------- ----- ------------
Abigail S. Wexner 5/8/06 754 shares $23.21 Abigail S. Wexner, for service
as a director of the Company,
received from the Company,
fees in shares of Common Stock.
Leslie H. Wexner 5/8/06 408,262 shares $8.9894 Leslie H. Wexner acquired the
shares of Common Stock upon
his exercise of an employee
stock option.
Leslie H. Wexner 5/8/06 243,474 shares $8.8665 Leslie H. Wexner acquired the
shares of Common Stock upon
his exercise of an employee
stock option.
(d), (e): Not Applicable
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Item 6 is amended as follows:
On October 6, 2005, Foxcote One transferred 6,342,002 shares of Common
Stock to Leslie H. Wexner without consideration in exchange.
On October 6, 2005, Foxcote Two transferred 2,114,695 shares of Common
Stock to Abigail S. Wexner without consideration in exchange.
On February 16, 2006, the Abigail S. Koppell Grantor Trust transferred
400,000 shares of Common Stock to Abigail S. Wexner without consideration in
exchange.
On March 31, 2006, Mr. Wexner transferred 15,000,000 shares of Common
Stock to The Family Trust without consideration in exchange.
Item 2 of this Amendment No. 32 to Schedule 13D is incorporated herein
by reference.
On June 28, 2006, Leslie H. Wexner entered into a Third Loan and Pledge
Modification Agreement with JPMorgan ChaseBank, NA (the "Lender"). Pursuant to a
Pledge Agreement, dated as of April 16, 1992, as so amended, Leslie H. Wexner
has pledged 5,000,000 shares of Common Stock as collateral security for a loan
facility from the Lender. In addition, Leslie H. Wexner and Abigail S. Wexner
maintain margin securities accounts at brokerage firms, and the positions held
in such margin accounts, which may from time to time include shares of Common
Stock, are pledged as collateral security for the repayment of debit balances,
if any, in the accounts.
Item 7. Materials to be Filed as Exhibits.
Exhibit 1 Joint Filing Agreement by and among Leslie H. Wexner, Abigail S.
Wexner, Wexner Personal Holdings Corporation, Foxcote One, Foxcote
Two, Trust 600, the R.H.R.E.I. Trust, and The Family Trust, dated
July 3, 2006.
12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: July 3, 2006
Leslie H. Wexner
------------------------------------
Leslie H. Wexner
Abigail S. Wexner
------------------------------------
Abigail S. Wexner
WEXNER PERSONAL HOLDINGS CORPORATION
By: Leslie H. Wexner
---------------------------------
Name: Leslie H. Wexner
Title: President
FOXCOTE ONE
By: Leslie H. Wexner
---------------------------------
Leslie H. Wexner, Trustee
FOXCOTE TWO
By: Abigail S. Wexner
---------------------------------
Abigail S. Wexner, Trustee
Trust 600
By: Financial Trust Company, Inc, as trustee
By: Jeffrey E. Epstein
---------------------------------
Jeffrey E. Epstein, President
R.H.R.E.I. Trust
By: Financial Trust Company, Inc, as trustee
By: Jeffrey E. Epstein
---------------------------------
Jeffrey E. Epstein, President
THE FAMILY TRUST
By: Leslie H. Wexner
---------------------------------
Leslie H. Wexner, Trustee
13
EXHIBIT INDEX
-------------
Exhibit No.
-----------
Exhibit 1 Joint Filing Agreement by and among Leslie H. Wexner,
Abigail S. Wexner, Wexner Personal Holdings Corporation,
Foxcote One, Foxcote Two, Trust 600, the R.H.R.E.I.
Trust, and The Family Trust, dated July 3, 2006.
14
Exhibit 1
---------
JOINT FILING AGREEMENT
This will confirm the agreement by and among all the undersigned
that the Schedule 13D filed on or about this date and any amendments thereto
with respect to beneficial ownership by the undersigned of shares of the common
stock, par value $0.50 per share, of Limited Brands, Inc. is being filed on
behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934. This agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: July 3, 2006
Leslie H. Wexner
------------------------------------
Leslie H. Wexner
Abigail S. Wexner
------------------------------------
Abigail S. Wexner
WEXNER PERSONAL HOLDINGS CORPORATION
By: Leslie H. Wexner
---------------------------------
Name: Leslie H. Wexner
Title: President
FOXCOTE ONE
By: Leslie H. Wexner
---------------------------------
Leslie H. Wexner, Trustee
FOXCOTE TWO
By: Abigail S. Wexner
---------------------------------
Abigail S. Wexner, Trustee
Trust 600
By: Financial Trust Company, Inc, as trustee
By: Jeffrey E. Epstein
---------------------------------
Jeffrey E. Epstein, President
R.H.R.E.I. Trust
By: Financial Trust Company, Inc, as trustee
By: Jeffrey E. Epstein
---------------------------------
Jeffrey E. Epstein, President
THE FAMILY TRUST
By: Leslie H. Wexner
---------------------------------
Leslie H. Wexner, Trustee