LINCOLN NATIONAL CORP — Director's Dealing 2018

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2018-02-21

Reporting Person: GLASS DENNIS R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	A	64193	—	Acquired	707599.42	Direct
2018-02-21	Common Stock	F	25357	$78.32	Disposed	682242.42	Direct
2018-02-21	Common Stock	A	61243	—	Acquired	743485.42	Direct
2018-02-21	Common Stock	F	2404	$78.32	Disposed	741081.42	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Employee Stock Option (right to buy)	$78.32	A	80470	Acquired	2028-02-21	Common Stock (80470)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1233.65	Indirect

Footnotes

F1: Represents settlement of performance share incentive awards for the 2015-2017 performance cycle.

F2: Tax withholding upon vesting of performance shares.

F3: Grant of restricted stock units representing a contingent right to receive shares of LNC common Stock. The restricted stock units vest on February 21, 2021.

F4: FICA tax withholding on the grant of restricted stock units.

F5: The option vests in three equal annual installments on February 21, 2019, 2020 and 2021.