SEC Form 4 · accession 0001214659-15-007640
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randal J Freitag
Officer — EVP & CFO
Period of report
Nov 6, 2015
Accepted (ET)
Nov 10, 2015 · 9:46 am 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 StockF1 | Nov 6, 2015 | M | 8,065 | $16.24 | A | 90,764 | D | |
| Common StockF2 | Nov 6, 2015 | S | 8,065 | $56.9754 | D | 82,699 | D | |
| Common StockF3 | holding | — | — | — | 665 | 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 Option (right to buy) | $16.24 | Nov 6, 2015 | M | 8,065 | A | May 14, 2010 | May 14, 2019 | Common Stock | 8,065 | 0 | D |
Explanation of responses
- F1Includes 323.03 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 $56.972 to $56.992, 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 3/1/2015 to 11/1/2015.