LINCOLN NATIONAL CORP — Director's Dealing 2021

Mar 19, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LINCOLN NATIONAL CORP (LNC)
CIK: 0000059558
Period of Report: 2021-03-10

Reporting Person: Kennedy John Christopher (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6822	Direct
Common Stock	6014.60	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$35.50	2026-02-24	Common Stock (3236)		Direct
Employee Stock Option (Right to Buy)	$71.70	2027-02-22	Common Stock (4888)		Direct
Employee Stock Option (Right to Buy)	$78.32	2028-02-21	Common Stock (5078)		Direct
Employee Stock Option (Right to Buy)	$63.01	2029-02-27	Common Stock (7485)		Direct
Employee Stock Option (Right to Buy)	$60.86	2030-02-19	Common Stock (8086)		Direct
Employee Stock Option (Right to Buy)	$54.52	2031-02-17	Common Stock (6032)		Direct
Phantom Stock Units	$		Common Stock (31654.31)		Direct

Footnotes

F1: Represents the number of shares of common stock beneficially owned through the Company's 401(k) Plan as of 3/10/21.

F2: The option vested in three equal installments on February 24, 2017, 2018 and 2019.

F3: The option vested in three equal installments on February 22, 2018, 2019 and 2020.

F4: The option vested in three equal installments on February 21, 2019, 2020 and 2021.

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.

F7: The option vests in three equal installments on February 17, 2022, 2023 and 2024.

F8: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock. Represents stock units held in the LNC DC SERP. The reporting person may transfer his Phantom Stock account into an alternative investment account at any time.