SEC Form 4 · accession 0001214659-16-008625
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary C Kelly
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 4, 2016 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000059558
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF3,F1,F2 | — | Dec 31, 2015 | A | 801 | A | — | — | Common Stock | 801 | 17,698 | D |
Explanation of responses
- F1Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
- F2Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
- F3Includes 61.61 shares acquired through dividend reinvestment since the reporting person's last report.