SEC Form 4 · accession 0001214659-17-001192
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randal J Freitag
Officer — EVP & CFO
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 5:19 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 | Feb 13, 2017 | M | 4,373 | $70.66 | A | 120,291 | D | |
| Common StockF1 | Feb 13, 2017 | S | 4,373 | $71.0683 | D | 115,918 | D | |
| Common Stock | holding | — | — | — | 685 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $70.66 | Feb 13, 2017 | M | 4,373 | D | — | Feb 22, 2017 | Common Stock | 4,373 | 0 | 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 $71.063 to $71.093, 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 option vested in three equal installments on February 22, 2008, 2009 and 2010.