SEC Form 4 · accession 0001214659-17-001349

LINCOLN NATIONAL CORP · LNC

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

Reporting owner

Officer — EVP & CIO

Period of report

Feb 22, 2017

Accepted (ET)

Feb 24, 2017 · 4:13 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,F2	Feb 22, 2017	A	11,257	$0.00	A	77,721	D
Common Stock^F3	Feb 22, 2017	F	5,098	$71.70	D	72,623	D
Common Stock^F4	Feb 22, 2017	A	8,658	$0.00	A	81,281	D
Common Stock^F5	Feb 23, 2017	S	2,275	$71.787	D	79,006	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)^F6	$71.70	Feb 22, 2017	A	21,819	A	Feb 22, 2018	Feb 22, 2027	Common Stock	21,819	21,819	D

F1Represents settlement of performance share incentive awards for the 2014-2016 performance cycle.
F2Includes 85.41 shares acquired through dividend reinvestment since the reporting person's last report.
F3Tax withholding upon vesting of performance shares.
F4Grant of restricted stock units representing a contingent right to receive shares of LNC common Stock. 5,868 of the restricted stock units vest on February 22, 2019. 2,790 of the restricted stock units vest in three equal annual installments on February 22, 2018, 2019 and 2020.
F5The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $71.778 to $71.798, 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 5 to this Form.
F6The option vests in three equal annual installments on February 22, 2018, 2019 and 2020.