SEC Form 4 · accession 0001214659-19-001697
LINCOLN NATIONAL CORP · LNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth S. Solon
Officer — EVP & Chief Information Ofc.
Period of report
Feb 27, 2019
Accepted (ET)
Mar 1, 2019 · 4:01 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 27, 2019 | A | 14,328 | $0.00 | A | 36,016 | D | |
| Common StockF2 | Feb 27, 2019 | F | 7,066 | $63.01 | D | 28,950 | D | |
| Common StockF3 | Feb 27, 2019 | A | 6,292 | $0.00 | A | 35,242 | 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)F4 | $63.01 | Feb 27, 2019 | A | 29,760 | A | Feb 27, 2020 | Feb 27, 2029 | Common Stock | 29,760 | 29,760 | D |
Explanation of responses
- F1Represents settlement of performance share incentive awards for the 2016-2018 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 27, 2022.
- F4The option vests in three equal installments on February 27, 2020, 2021 and 2022.