DAVIS GEORGE E 4

4 · LINCOLN NATIONAL CORP · Filed Jan 6, 2004

Form 4

Period: 2004-01-02

SVP Human Resources

Transactions

Disposition to Issuer
Restricted Phantom Stock Unit
2004-01-02$40.17/sh−12,198$489,994→ 1,274.34 total
Exercise: $34.12From: 1988-08-08Exp: 2004-01-01→ Common Stock (12,198 underlying)
Tax Payment
Restricted Phantom Stock Unit
2004-01-02$40.17/sh−1,274$51,177→ 0.34 total
Exercise: $34.12From: 1988-08-08Exp: 2004-01-01→ Common Stock (1,274 underlying)
Award
DCP Phantom Stock Units
2004-01-02$40.17/sh+12,198$489,994→ 38,702.77 total
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (12,198 underlying)

Footnotes (5)

[F1]Reporting person elected to defer shares of Restricted Stock to the Lincoln National Corporation Executive Deferred Compensation Plan for Employees, effective as of the date that the restictions lapsed.
[F2]Stock units deposited into the Company's Deferred Compensation Plan have no fixed exercise date.
[F3]DCP Phantom Stock Units have no fixed expiration date and are subject to settlement in shares of LNC Common Stock upon the reporting person's death, disability, retirement or termination of employment.
[F4]Number of Restricted Phantom Stock Units withheld to pay tax liability upon vesting of Restricted Phantom Stock Units.
[F5]Restricted Phantom Stock Units have no fixed exercise date.

Documents

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