SEC Form 4 · accession 0001214659-16-013654
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick S Pittard
Director
Period of report
Sep 12, 2016
Accepted (ET)
Sep 14, 2016 · 10:41 am EDT
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 UnitsF1,F2 | — | Sep 12, 2016 | I | 22,665 | D | — | Sep 12, 2016 | Common Stock | 22,665 | 3,812 | D |
Explanation of responses
- F1Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC DC SERP that may be settled in Common Stock only. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.
- F2Represents Phantom Stock Units acquired in the LNC DC SERP in accordance with the officer's election. These shares were transferred into alternative investment accounts in the LNC DC SERP at the discretion of the officer.