SEC Form 4 · accession 0001214659-15-004811
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Konen
Officer — President - Ins. Sol. and Ann.
Period of report
Jun 11, 2015
Accepted (ET)
Jun 12, 2015 · 1:35 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 11, 2015 | M | 12,500 | $24.99 | A | 73,315 | D | |
| Common StockF1 | Jun 11, 2015 | S | 12,500 | $61.7006 | D | 60,815 | D | |
| Common Stock | holding | — | — | — | 21,457 | I | By Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F2 | $24.99 | Jun 11, 2015 | M | 12,500 | D | — | Feb 22, 2022 | Common Stock | 12,500 | 49,355 | 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 $61.635 to $61.745, 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 in three equal installments on February 22, 2013, 2014 and 2015.