SEC Form 4 · accession 0001214659-15-004812

LINCOLN NATIONAL CORP · LNC

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

Reporting owner

Douglas N Miller

Officer — SVP & CAO

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^F1	Jun 11, 2015	M	12,874	$56.02	A	31,823	D
Common Stock^F2	Jun 11, 2015	S	12,874	$61.6361	D	18,949	D
Common Stock	Jun 11, 2015	M	7,935	$52.76	A	26,884	D
Common Stock^F3	Jun 11, 2015	S	7,935	$61.6544	D	18,949	D
Common Stock	Jun 11, 2015	M	3,227	$24.99	A	22,176	D
Common Stock^F4	Jun 11, 2015	S	3,227	$61.6815	D	18,949	D
Common Stock	Jun 11, 2015	M	4,588	$29.54	A	23,537	D
Common Stock^F5	Jun 11, 2015	S	4,588	$61.6744	D	18,949	D
Common Stock	holding	—	—		—	4,597	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
Employee Stock Options (Right to Buy)^F6	$56.02	Jun 11, 2015	M	12,874	D	—	Apr 13, 2016	Common Stock	12,874	0	D
Employee Stock Options (Right to Buy)^F7	$52.76	Jun 11, 2015	M	7,935	D	—	Feb 7, 2018	Common Stock	7,935	10,000	D
Employee Stock Options (Right to Buy)^F8	$24.99	Jun 11, 2015	M	3,227	D	—	Feb 22, 2022	Common Stock	3,227	0	D
Employee Stock Options (Right to Buy)^F9	$29.54	Jun 11, 2015	M	4,588	D	—	Feb 28, 2023	Common Stock	4,588	4,589	D

Explanation of responses

F1Includes 21.12 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 $61.535 to $61.7101, 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 $61.585 to 61.725, 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 $61.635 to 61.725, 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 $61.63 to 61.725, 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.
F6The option vested in three equal installments on April 13, 2007, 2008 and 2009.
F7The option vested in three equal installments on February 7, 2009, 2010 and 2011.
F8The option vested in three equal installments on February 22, 2013, 2014 and 2015.
F9The option vests in three equal installments on February 28, 2014, 2015 and 2016.