SEC Form 4 · accession 0001214659-15-003806

LINCOLN NATIONAL CORP · LNC

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

Reporting owner

Patrick S Pittard

Director

Period of report

May 8, 2015

Accepted (ET)

May 11, 2015 · 12:25 pm EDT

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
Common Stock^F1	May 8, 2015	M	8,179	$53.6035	A	27,088	D
Common Stock	May 8, 2015	M	5,499	$52.76	A	32,587	D
Common Stock	May 8, 2015	M	4,151	$10.36	A	36,738	D
Common Stock	May 8, 2015	M	3,924	$14.42	A	40,662	D
Common Stock^F2	May 8, 2015	S	3,924	$58.6957	D	36,738	D
Common Stock^F3	May 8, 2015	S	4,151	$58.6967	D	32,587	D
Common Stock^F4	May 8, 2015	S	5,499	$58.6951	D	27,088	D
Common Stock^F5	May 8, 2015	S	8,179	$58.6958	D	18,909	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Employee Stock Option (Right to Buy)	$53.6035	May 8, 2015	M	8,179	D	Feb 13, 2007	Feb 13, 2016	Common	8,179	D
Employee Stock Option (Right to Buy)	$52.76	May 8, 2015	M	5,499	D	Feb 7, 2009	Feb 7, 2018	Common Stock	5,499	D
Employee Stock Option (Right to Buy)	$10.36	May 8, 2015	M	4,151	D	Feb 23, 2010	Feb 23, 2019	Common Stock	4,151	D
Employee Stock Option (Right to Buy)	$14.42	May 8, 2015	M	3,924	D	May 13, 2010	May 13, 2019	Common Stock	3,924	D

Explanation of responses

F1Includes 44.35 shares acquired through dividend reinvestment since the reporting person's last report.
F2The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $58.6425 to 58.79, 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 2 to this Form.
F3The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $58.65 to 58.79, 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 3 to this Form.
F4The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $58.64 to 58.79, 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 4 to this Form.
F5The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $58.65 to 58.79, 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 5 to this Form.