SEC Form 4 · accession 0001214659-17-001356
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis R Glass
Officer — President & CEO · Director
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 4:16 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 | 87,410 | $0.00 | A | 796,086 | D | |
| Common StockF2 | Feb 22, 2017 | F | 39,415 | $71.70 | D | 756,671 | D | |
| Common StockF3 | Feb 22, 2017 | A | 61,501 | $0.00 | A | 818,172 | D | |
| Common StockF4 | Feb 23, 2017 | F | 2,525 | $71.70 | D | 815,647 | D | |
| Common Stock | holding | — | — | — | 1,222 | 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 | 73,350 | A | Feb 22, 2018 | Feb 22, 2027 | Common Stock | 73,350 | 73,350 | 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.
- F4FICA tax withholding on the grant of restricted stock units.
- F5The option vests in three equal annual installments on February 22, 2018, 2019 and 2020.