SEC Form 4 · accession 0001214659-17-001190

LINCOLN NATIONAL CORP · LNC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO · Director

Period of report

Feb 13, 2017

Accepted (ET)

Feb 15, 2017 · 5:18 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^F1	Feb 13, 2017	S	75,000	$71.1258	D	708,676	D
Common Stock	Feb 14, 2017	M	159,847	$52.76	A	868,523	D
Common Stock^F2	Feb 14, 2017	S	159,847	$72.1328	D	708,676	D
Common Stock	holding	—	—		—	1,222	I	By 401(k)

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	$52.76	Feb 14, 2017	M	159,847	D	—	Feb 8, 2018	Common Stock	159,487	0	D

F1The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.28 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.
F2The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.315, 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 8, 2009, 2010 and 2011.