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LINCOLN NATIONAL CORP — Director's Dealing 2021
Nov 12, 2021
30767_dirs_2021-11-12_3e1e7b44-72c8-4be8-a1c4-47b91911e4dd.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: 2021-11-11
Reporting Person: Kennedy John Christopher (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-11 | Common Stock | M | 3236 | $35.50 | Acquired | 15959.51 | Direct |
| 2021-11-11 | Common Stock | M | 4990 | $63.01 | Acquired | 20949.51 | Direct |
| 2021-11-11 | Common Stock | M | 2696 | $60.86 | Acquired | 23645.51 | Direct |
| 2021-11-11 | Common Stock | S | 10922 | $73.52 | Disposed | 12723.51 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-11 | Employee Stock Option (Right to Buy) | $35.50 | M | 3236 | Disposed | 2026-02-24 | Common Stock (3236) | Direct |
| 2021-11-11 | Employee Stock Option (Right to Buy) | $63.01 | M | 4990 | Disposed | 2029-02-27 | Common Stock (4990) | Direct |
| 2021-11-11 | Employee Stock Option (Right to Buy) | $60.86 | M | 2696 | Disposed | 2030-02-19 | Common Stock (2696) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6094.11 | Indirect |
Footnotes
F1: Includes 161.53 stock units acquired through dividend reinvestment since the reporting person's last report.
F2: 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.
F3: Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 11/1/2021.
F4: The option vested in three equal installments on February 24, 2017, 2018 and 2019.
F5: The option vests in three equal installments on February 27, 2020, 2021 and 2022.
F6: The option vests in three equal installments on February 19, 2021, 2022 and 2023.