SEC Form 4 · accession 0001214659-17-000892
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis R Glass
Officer — President & CEO · Director
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 5:59 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 StockF1 | Feb 7, 2017 | M | 88,023 | $52.76 | A | 871,699 | D | |
| Common StockF2 | Feb 7, 2017 | S | 88,023 | $69.5013 | D | 783,676 | D | |
| Common Stock | Feb 9, 2017 | M | 71,824 | $52.76 | A | 855,500 | D | |
| Common StockF3 | Feb 9, 2017 | S | 71,824 | $69.5037 | D | 783,676 | D | |
| Common StockF4 | holding | — | — | — | 1,222 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF5 | $52.76 | Feb 7, 2017 | M | 88,023 | D | — | Feb 8, 2018 | Common Stock | 88,023 | 71,824 | D |
| Common StockF5 | $52.76 | Feb 9, 2017 | M | 71,824 | D | — | Feb 8, 2018 | Common Stock | 71,824 | 0 | D |
Explanation of responses
- F1Includes 1,029.47 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 $69.505 to $69.55 exclusive. 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.
- F3The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $69.50 to $69.54, 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.
- F4Represents routine transactions in the Company's 401(k) Plan from 12/2/2016 to 2/1/2017.
- F5The option vested in three equal installments on February 8, 2009, 2010 and 2011.