Ellen Cooper - 18 May 2021 Form 4 Insider Report for LINCOLN NATIONAL CORP (LNC)

Role
EVP & CIO
Signature
/s/ Claire H. Hanna, Attorney-in-Fact
Issuer symbol
LNC
Transactions as of
18 May 2021
Net transactions value
-$2,969,488
Form type
4
Filing time
20 May 2021, 16:32:44 UTC
Previous filing
11 May 2021
Next filing
19 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNC Common Stock Options Exercise $726,218 +31,992 +24% $22.70 163,243 18 May 2021 Direct
transaction LNC Common Stock Options Exercise $1,073,749 +36,349 +22% $29.54 199,592 18 May 2021 Direct
transaction LNC Common Stock Sale $4,577,512 -65,618 -33% $69.76 133,974 18 May 2021 Direct F1
transaction LNC Common Stock Sale $191,944 -2,723 -2% $70.49 131,251 18 May 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -31,992 -100% $0.000000* 0 18 May 2021 Common Stock 31,992 $22.70 Direct F3
transaction LNC Employee Stock Option (Right to Buy) Options Exercise $0 -36,349 -100% $0.000000* 0 18 May 2021 Common Stock 36,349 $29.54 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.48 to $70.47, 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 1.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.48 to $70.54, 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 The option vested in three equal installments on August 8, 2013, 2014 and 2015.
F4 The option vested in three equal installments on February 28, 2014, 2015 and 2016.