SEC Form 4 · accession 0001214659-17-001191

LINCOLN NATIONAL CORP · LNC

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

Reporting owner

Officer — President - Ins. Sol. and Ann.

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
Common Stock^F1	Feb 13, 2017	M	25,000	$70.66	A	130,568	D
Common Stock	Feb 13, 2017	S	25,000	$71.18	D	105,568	D
Common Stock	Feb 14, 2017	M	19,140	$70.66	A	124,708	D
Common Stock	Feb 14, 2017	M	5,860	$29.54	A	130,568	D
Common Stock^F2	Feb 14, 2017	S	25,000	$72.1272	D	105,568	D

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	$70.66	Feb 13, 2017	M	25,000	D	—	Feb 22, 2017	Common Stock	25,000	19,140	D
Employee Stock Option (Right to Buy)^F3	$70.66	Feb 14, 2017	M	19,140	D	—	Feb 22, 2017	Common Stock	19,140	0	D
Employee Stock Option (Right to Buy)^F4	$29.54	Feb 14, 2017	M	5,860	D	—	Feb 28, 2023	Common Stock	5,860	61,887	D

F1Includes 136.83 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 $72.10 to $72.23, 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.
F3The option vested in three equal installments on February 22, 2008, 2009 and 2010.
F4The option vested in three equal installments on February 28, 2014, 2015 and 2016.