SEC Form 4 · accession 0001214659-18-000968
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 2, 2018
Accepted (ET)
Feb 6, 2018 · 6:09 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 2, 2018 | M | 6,478 | $25.78 | A | 136,295 | D | |
| Common Stock | Feb 2, 2018 | M | 25,179 | $30.64 | A | 161,474 | D | |
| Common StockF2 | Feb 2, 2018 | S | 31,657 | $84.3196 | D | 129,817 | D | |
| Common StockF3 | Feb 5, 2018 | M | 229 | — | A | 130,046 | D | |
| Common StockF4 | holding | — | — | — | 699 | 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 | $25.78 | Feb 2, 2018 | M | 6,478 | D | Feb 22, 2011 | Feb 22, 2020 | Common Stock | 6,478 | 0 | D |
| Employee Stock Option (Right to Buy)F6 | $30.64 | Feb 2, 2018 | M | 25,179 | D | Feb 23, 2012 | Feb 23, 2022 | Common Stock | 25,179 | 0 | D |
| Phantom Stock UnitsF3,F7 | — | Feb 5, 2018 | M | 229 | D | — | Feb 5, 2018 | Common Stock | 229 | 0 | D |
Explanation of responses
- F1Includes 128.18 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 $83.96 to $84.55, 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.
- F3On February 5, 2018, the reporting person received 229 shares of LNC common stock in settlement of an equal number of shares of phantom stock held pursuant to the LNC deferred compensation plan.
- F4Represents routine transactions in the Company's 401(k) Plan from 12/1/2017 to 2/1/2018.
- F5The option vested in three equal installments on February 22, 2011, 2012 and 2013.
- F6The option vested in three equal installments on February 23, 2012, 2013 and 2014.
- F7Each share of phantom stock represents the right to receive one share of LNC common stock.