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LINCOLN NATIONAL CORP Director's Dealing 2015

Jan 5, 2015

30767_dirs_2015-01-05_b561d647-6761-4965-86c1-0a2d083fac84.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2014-12-31

Reporting Person: KELLY GARY C (N/A)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-12-31 Phantom Stock Units $ A 632.91 Acquired Common Stock (632.91) Direct

Footnotes

F1: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3: Includes 40.37 shares acquired through dividend reinvestment since the reporting person's last report.