SEC Form 4 · accession 0001214659-15-004797
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis R Glass
Officer — President & CEO · Director
Period of report
Jun 10, 2015
Accepted (ET)
Jun 11, 2015 · 3:44 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 10, 2015 | M | 82,044 | $24.99 | A | 758,994 | D | |
| Common StockF1 | Jun 10, 2015 | S | 82,044 | $61.0046 | D | 676,950 | D | |
| Common Stock | Jun 10, 2015 | M | 18,000 | $29.54 | A | 694,950 | D | |
| Common StockF2 | Jun 10, 2015 | S | 18,000 | $61.0084 | D | 676,950 | D | |
| Common StockF3 | holding | — | — | — | 1,183 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF4 | $24.99 | Jun 10, 2015 | M | 82,044 | D | — | Feb 22, 2022 | Common Stock | 82,044 | 0 | D |
| Common StockF5 | $29.54 | Jun 10, 2015 | M | 18,000 | D | — | Feb 28, 2023 | Common Stock | 18,000 | 273,532 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $61.00 to 61.10, 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 price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.045, 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.
- F3Represents routine transactions in the Company's 401(k) Plan from 4/1/2015 to 6/1/2015.
- F4The option vested in three equal installments on February 22, 2013, 2014 and 2015.
- F5The option vest in three equal installments on February 28, 2014, 2015 and 2016.