SEC Form 4 · accession 0001214659-17-001350
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 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2017 | A | 20,780 | $0.00 | A | 136,698 | D | |
| Common StockF2 | Feb 22, 2017 | F | 9,372 | $71.70 | D | 127,326 | D | |
| Common StockF3 | Feb 22, 2017 | A | 8,741 | $0.00 | A | 136,067 | D | |
| Common StockF4 | Feb 23, 2017 | S | 2,275 | $71.8327 | D | 133,792 | D | |
| Common Stock | holding | — | — | — | 682 | 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)F5 | $71.70 | Feb 22, 2017 | A | 32,502 | A | Feb 22, 2018 | Feb 22, 2027 | Common Stock | 32,502 | 32,502 | D |
Explanation of responses
- F1Represents settlement of performance share incentive awards for the 2014-2016 performance cycle.
- F2Tax withholding upon vesting of performance shares.
- F3Grant of restricted stock units representing a contingent right to receive shares of LNC common Stock. The restricted stock units vest on February 22, 2019.
- F4The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $71.832 to $71.838, 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 4 to this Form.
- F5The option vests in three equal annual installments on February 22, 2018, 2019 and 2020.