SEC Form 4 · accession 0001214659-15-001810

LINCOLN NATIONAL CORP · LNC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & CFO

Period of report

Feb 25, 2015

Accepted (ET)

Feb 27, 2015 · 8:50 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000059558

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Feb 25, 2015	M	9,270	$53.6035	A	63,473	D
Common Stock^F1	Feb 25, 2015	S	9,270	$58.168	D	53,753	D
Common Stock	Feb 25, 2015	A	45,117	$0.00	A	98,870	D
Common Stock	Feb 25, 2015	F	16,494	$58.26	D	82,376	D
Common Stock	holding	—	—		—	657	I	By 401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F2	$53.6035	Feb 25, 2015	M	9,270	D	—	Feb 12, 2016	Common Stock	9,270	9,270	D
Employee Stock Option (Right to Buy)^F3	$58.26	Feb 25, 2015	A	37,751	A	—	Feb 25, 2025	Common Stock	37,751	37,751	D

F1The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $58.03 to $58.27, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 to this Form.
F2The option vested ratably over 3 years beginning on the first anniversary of the grant date.
F3The option vests ratably over 3 years beginning on the first anniversary of the grant date.