SEC Form 4 · accession 0001214659-16-014820
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
Nov 16, 2016
Accepted (ET)
Nov 17, 2016 · 4:42 pm 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 Stock | Nov 16, 2016 | M | 40,000 | $24.99 | A | 145,432 | D | |
| Common StockF1 | Nov 16, 2016 | S | 20,000 | $61.0772 | D | 125,432 | D | |
| Common StockF2 | Nov 16, 2016 | S | 20,000 | $61.5155 | D | 105,432 | D | |
| Common Stock | Nov 17, 2016 | M | 5,048 | $29.54 | A | 110,480 | D | |
| Common Stock | Nov 17, 2016 | M | 4,952 | $24.99 | A | 115,432 | D | |
| Common Stock | Nov 17, 2016 | S | 10,000 | $62.00 | D | 105,432 | D |
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)F3 | $24.99 | Nov 16, 2016 | M | 40,000 | D | — | Feb 22, 2022 | Common Stock | 40,000 | 4,952 | D |
| Employee Stock Option (Right to Buy)F3 | $24.99 | Nov 17, 2016 | M | 4,952 | D | — | Feb 22, 2022 | Common Stock | 4,952 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $29.54 | Nov 17, 2016 | M | 5,048 | D | — | Feb 28, 2023 | Common Stock | 5,048 | 67,747 | 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 $61.00 to $61.31, 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 price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $61.50 to $61.56, 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 option vested in three equal installments on February 22, 2013, 2014 and 2015.
- F4The option vested in three equal installments on February 28, 2014, 2015 and 2016.