SEC Form 4 · accession 0001214659-18-001512
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Cooper
Officer — EVP & CIO
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:47 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 21, 2018 | A | 10,380 | $0.00 | A | 82,051 | D | |
| Common StockF2 | Feb 21, 2018 | F | 2,851 | $78.32 | D | 79,200 | D | |
| Common StockF3 | Feb 21, 2018 | A | 6,313 | $0.00 | A | 85,513 | D | |
| Common StockF4 | Feb 22, 2018 | F | 260 | $77.03 | D | 85,252 | D |
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 | $78.32 | Feb 21, 2018 | A | 25,859 | A | Feb 21, 2019 | Feb 21, 2028 | Common Stock | 25,859 | 25,859 | D |
Explanation of responses
- F1Represents settlement of performance share incentive awards for the 2015-2017 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 that vest on February 21, 2021.
- F4FICA tax withholding on the grant of restricted stock units.
- F5The option vests in three equal annual installments on February 21, 2019, 2020 and 2021.