Statement of Changes in Beneficial Ownership (4)
November 12 2021 - 4:19PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Kennedy John Christopher |
2. Issuer Name and Ticker or Trading Symbol
LINCOLN NATIONAL CORP
[
LNC
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, President LFD |
(Last)
(First)
(Middle)
150 N. RADNOR-CHESTER ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/11/2021 |
(Street)
RADNOR, PA 19087
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 11/11/2021 | | M | | 3236 | A | $35.50 | 15959.51 (1) | D | |
Common Stock | 11/11/2021 | | M | | 4990 | A | $63.01 | 20949.51 | D | |
Common Stock | 11/11/2021 | | M | | 2696 | A | $60.86 | 23645.51 | D | |
Common Stock | 11/11/2021 | | S | | 10922 | D | $73.52 (2) | 12723.51 | D | |
Common Stock | | | | | | | | 6094.11 (3) | I | In 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $35.50 | 11/11/2021 | | M | | | 3236 | 2/24/2017 (4) | 2/24/2026 | Common Stock | 3236 | $0 | 0 | D | |
Employee Stock Option (Right to Buy) | $63.01 | 11/11/2021 | | M | | | 4990 | 2/27/2020 (5) | 2/27/2029 | Common Stock | 4990 | $0 | 2495 | D | |
Employee Stock Option (Right to Buy) | $60.86 | 11/11/2021 | | M | | | 2696 | 2/19/2021 (6) | 2/19/2030 | Common Stock | 2696 | $0 | 5390 | D | |
Explanation of Responses: |
(1) | Includes 161.53 stock units acquired through dividend reinvestment since the reporting person's last report. |
(2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.50 to $73.52, 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 this footnote 2. |
(3) | Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 11/1/2021. |
(4) | The option vested in three equal installments on February 24, 2017, 2018 and 2019. |
(5) | The option vests in three equal installments on February 27, 2020, 2021 and 2022. |
(6) | The option vests in three equal installments on February 19, 2021, 2022 and 2023. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kennedy John Christopher 150 N. RADNOR-CHESTER ROAD RADNOR, PA 19087 |
|
| EVP, President LFD |
|
Signatures
|
/s/ Claire H. Hanna, Attorney-in-Fact | | 11/12/2021 |
**Signature of Reporting Person | Date |
Lincoln National (NYSE:LNC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Lincoln National (NYSE:LNC)
Historical Stock Chart
From Sep 2023 to Sep 2024