KELLY GARY C

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 9

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,296

F11 · shares: Reflects the exempt acquisition of restricted stock units upon the satisfaction of performance criteria underlying an award of performance-based restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest on February 21, 2021, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.

SEC source: 0001214659-21-000124 · marketforms-50667.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,015.55

Underlying: Common Stock · 819.92 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 393.75 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 6

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 350,068

F8 · shares: Represents a gift of all of the Spousal LP Interest in the Family Limited Partnership to the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be the Family Limited Liability Company; and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust, the Spousal Trust, and the reporting person through his Reporting Person LP Interest. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the transfer of the Spousal LP Interest to the Family Limited Partnership constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F9 · ownership.nature: Includes shares indirectly held through the Reporting Person Trust, including 130,310 shares held as a result of the Reporting Person Trust's limited partnership interest in the Family Limited Partnership and (b) 219,758 other shares held by the Reporting Person Trust.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 5

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 14,691

F8 · shares: Represents a gift of all of the Spousal LP Interest in the Family Limited Partnership to the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be the Family Limited Liability Company; and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust, the Spousal Trust, and the reporting person through his Reporting Person LP Interest. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the transfer of the Spousal LP Interest to the Family Limited Partnership constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F8 · ownership.nature: Represents a gift of all of the Spousal LP Interest in the Family Limited Partnership to the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be the Family Limited Liability Company; and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust, the Spousal Trust, and the reporting person through his Reporting Person LP Interest. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the transfer of the Spousal LP Interest to the Family Limited Partnership constitutes a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 4

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 306,528

F1 · shares: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F6 · shares: A net 4,013 shares were indirectly acquired through the Spousal Trust's limited partnership interest in the Family Limited Partnership, as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of limited partners and resulting new allocation of shares.

F7 · ownership.nature: Includes shares indirectly held through the Spousal Trust, including (a) 101,528 shares held as a result of the Spousal Trust's limited partnership interest in the Family Limited Partnership and (b) 205,000 other shares held by the Spousal Trust.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 321,286

F1 · shares: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F4 · shares: A net 4,013 shares were indirectly acquired through the Reporting Person Trust's limited partnership interest in the Family Limited Partnership, as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of limited partners and resulting new allocation of shares.

F1 · ownership.nature: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F5 · ownership.nature: Includes shares indirectly held through the Reporting Person Trust, including (a) 101,528 shares held as a result of the Reporting Person Trust's limited partnership interest in the Family Limited Partnership and (b) 219,758 other shares held by the Reporting Person Trust.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 43,473

F1 · shares: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F2 · shares: Includes (a) 12,226 shares indirectly acquired as a result of the new Reporting Person LP Interest in the Family Limited Partnership, (b) 28,782 shares indirectly acquired as a result of the new Spousal LP Interest in the Family Limited Partnership, and (c) a net 495 shares indirectly acquired by the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of limited partners and resulting new allocation of shares.

F1 · ownership.nature: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F3 · ownership.nature: Includes (a) 12,226 shares indirectly held through the new Reporting Person LP Interest in the Family Limited Partnership, (b) 28,782 shares indirectly held through the new Spousal LP Interest in the Family Limited Partnership, and (c) 2,465 shares indirectly held through the Family Limited Liability Company's general partnership interest in the Family Limited Partnership.

SEC source: 0000092380-21-000018 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,974

F1 · shares: On October 30, 2020, as part of his estate planning, the reporting person contributed 49,529 shares (the "Capital Contribution") to a family limited partnership (the "Family Limited Partnership"), the sole general partner of which is a limited liability company that is wholly owned by the reporting person and his spouse (the "Family Limited Liability Company"). Prior to the transfer, the sole limited partners of the Family Limited Partnership were (a) a trust for the reporting person and his descendants (the "Reporting Person Trust") and (b) a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person is trustee of the Reporting Person Trust, and the reporting person's spouse is trustee of the Spousal Trust. As a result of this transaction, the reporting person and his spouse each received a limited partnership interest in the Family Limited Partnership (the "Reporting Person LP Interest" and the "Spousal LP Interest, respectively), which resulted in (a) a decrease in the number of shares directly owned by the reporting person, (b) an increase in the number of shares indirectly owned by the reporting person through the Family Limited Partnership, and (c) net increases in the number of shares indirectly owned by the reporting person through the Reporting Person Trust, the Spousal Trust, and the Family Limited Liability Company as a result of the overall increase in the Family Limited Partnership's holdings due to the Capital Contribution, but reflecting the addition of the new limited partners and resulting new allocation of shares amongst the partners. Because the reporting person's aggregate beneficial holdings remained the same prior to and after this transaction, the reporting person believes the contributions to the Family Limited Partnership constitute a change in form of beneficial ownership exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

SEC source: 0001214659-20-008361 · marketforms-49739.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,801.89

Underlying: Common Stock · 1,316.63 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 363.19 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0001214659-20-006070 · marketforms-48991.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,122.06

Underlying: Common Stock · 1,121.23 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 401.47 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-20-000109 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,503

SEC source: 0000092380-20-000088 · edgar.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 302,515

F1 · shares: On May 21, 2020, as part of his estate planning, the reporting person and his spouse contributed 85,875 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 71,109 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed in exchange for (i) $2,072,827 from the Reporting Person Trust and (ii) $2,503,256 from the Spousal Trust, representing in each case, an exchange of assets at equivalent value. The exchanges resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F3 · ownership.nature: These shares are held by the Spousal Trust and include shares deemed to be beneficially owned through the Spousal Trust's limited partner interest in the Family Limited Partnership (see footnote 4), as well as other shares held by the Spousal Trust.

SEC source: 0000092380-20-000088 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 317,273

F1 · shares: On May 21, 2020, as part of his estate planning, the reporting person and his spouse contributed 85,875 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 71,109 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed in exchange for (i) $2,072,827 from the Reporting Person Trust and (ii) $2,503,256 from the Spousal Trust, representing in each case, an exchange of assets at equivalent value. The exchanges resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F2 · ownership.nature: These shares are held by the Reporting Person Trust and include shares deemed to be beneficially owned through the Reporting Person Trust's limited partner interest in the Family Limited Partnership (see footnote 4), as well as other shares held by the Reporting Person Trust.

SEC source: 0000092380-20-000088 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 170,853

F1 · shares: On May 21, 2020, as part of his estate planning, the reporting person and his spouse contributed 85,875 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 71,109 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed in exchange for (i) $2,072,827 from the Reporting Person Trust and (ii) $2,503,256 from the Spousal Trust, representing in each case, an exchange of assets at equivalent value. The exchanges resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

SEC source: 0000092380-20-000063 · edgar.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 231,406

F1 · shares: On May 1, 2020, as part of his estate planning, the reporting person and his spouse contributed 64,000 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 64,000 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed as repayment of promissory notes held by the trusts in the principal amount of $2,000,000 each. The contributions of shares resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F3 · ownership.nature: These shares are held by the Spousal Trust and include shares deemed to be beneficially owned through the Spousal Trust's limited partner interest in the Family Limited Partnership (see footnote 4), as well as other shares held by the Spousal Trust.

SEC source: 0000092380-20-000063 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 231,398

F1 · shares: On May 1, 2020, as part of his estate planning, the reporting person and his spouse contributed 64,000 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 64,000 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed as repayment of promissory notes held by the trusts in the principal amount of $2,000,000 each. The contributions of shares resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F2 · ownership.nature: These shares are held by the Reporting Person Trust and include the shares deemed to be beneficially owned through the Reporting Person Trust's limited partner interest in the Family Limited Partnership (see footnote 4), as well as other shares held by the Reporting Person Trust.

SEC source: 0000092380-20-000063 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 327,837

F1 · shares: On May 1, 2020, as part of his estate planning, the reporting person and his spouse contributed 64,000 shares to a trust for the reporting person and his descendants (the "Reporting Person Trust") and 64,000 shares to a trust for the reporting person's spouse and her descendants (the "Spousal Trust"), respectively. The reporting person is trustee of the Reporting Person Trust and the reporting person's spouse is trustee of the Spousal Trust. The shares were contributed as repayment of promissory notes held by the trusts in the principal amount of $2,000,000 each. The contributions of shares resulted in a decrease in the number of shares the reporting person beneficially owns directly and a corresponding increase in the number of shares the reporting person owns indirectly. The reporting person believes the contributions to the trusts constitute a change in form of beneficial ownership of the shares exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

SEC source: 0001214659-20-003133 · marketforms-47974.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,599.36

Underlying: Common Stock · 1,567.25 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 226.43 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-20-000034 · edgar.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 167,398

F1 · shares: Represents a gift of the reporting person's spouse's limited partnership interest in a family limited partnership (the "Family Limited Partnership") to a trust for the reporting person and his descendants (the "Reporting Person Trust"). The reporting person is trustee of the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust and a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person's spouse is trustee of the Spousal Trust. The 1,970 shares held indirectly represent the Family Limited Liability Company's general partner interest in the shares held by the Family Limited Partnership.

F2 · ownership.nature: These shares are held by the Reporting Person Trust and include the shares deemed to be beneficially owned through the Reporting Person Trust's limited partner interest in the Family Limited Partnership, as well as other shares held by the Reporting Person Trust.

SEC source: 0000092380-20-000034 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 1,970

F1 · shares: Represents a gift of the reporting person's spouse's limited partnership interest in a family limited partnership (the "Family Limited Partnership") to a trust for the reporting person and his descendants (the "Reporting Person Trust"). The reporting person is trustee of the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust and a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person's spouse is trustee of the Spousal Trust. The 1,970 shares held indirectly represent the Family Limited Liability Company's general partner interest in the shares held by the Family Limited Partnership.

F1 · ownership.nature: Represents a gift of the reporting person's spouse's limited partnership interest in a family limited partnership (the "Family Limited Partnership") to a trust for the reporting person and his descendants (the "Reporting Person Trust"). The reporting person is trustee of the Reporting Person Trust. After the transaction, (a) the sole general partner of the Family Limited Partnership continues to be a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of the Family Limited Partnership are the Reporting Person Trust and a trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person's spouse is trustee of the Spousal Trust. The 1,970 shares held indirectly represent the Family Limited Liability Company's general partner interest in the shares held by the Family Limited Partnership.

SEC source: 0000092380-20-000034 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,837

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 22

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 504,721

F7 · shares: Reflects the exempt acquisition of restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest with respect to one-third of the shares covered thereby annually, beginning on February 21, 2021, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 21

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 442,100

F6 · shares: Reflects the exempt acquisition of restricted stock units upon the satisfaction of performance criteria underlying an award of performance-based restricted stock units pursuant to the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. The restricted stock units will vest on February 21, 2020, and will entitle the reporting person to one share of common stock for each restricted stock unit that vests.

SEC source: 0001214659-20-000078 · marketforms-46891.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,805.69

Underlying: Common Stock · 699.03 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 190.78 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0001214659-19-006169 · marketforms-45842.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,915.88

Underlying: Common Stock · 683.85 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 179.70 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 17

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 363,922

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 13

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 367,822

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 10

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 167,406

F4 · shares: Represents a gift of the reporting person's limited partnership interest in the Family Limited Partnership to the Spousal Trust. After the transaction, (a) the sole general partner of the Family Limited Parnership continues to be the Family Limited Liability Company and (b) the sole limited partners are the reporting person's spouse and the Spousal Trust.

F3 · ownership.nature: These shares are held in trust for the reporting person's spouse and her descendants (the "Spousal Trust"). The reporting person's spouse is trustee of the Spousal Trust.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 9

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 99,485

F4 · shares: Represents a gift of the reporting person's limited partnership interest in the Family Limited Partnership to the Spousal Trust. After the transaction, (a) the sole general partner of the Family Limited Parnership continues to be the Family Limited Liability Company and (b) the sole limited partners are the reporting person's spouse and the Spousal Trust.

F4 · ownership.nature: Represents a gift of the reporting person's limited partnership interest in the Family Limited Partnership to the Spousal Trust. After the transaction, (a) the sole general partner of the Family Limited Parnership continues to be the Family Limited Liability Company and (b) the sole limited partners are the reporting person's spouse and the Spousal Trust.

SEC source: 0001214659-19-004466 · marketforms-45247.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,052.33

Underlying: Common Stock · 640.03 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 158.27 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 6

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 197,000

F1 · shares: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

F1 · ownership.nature: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 5

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 370,152

F1 · shares: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Limited Partnership

Disclosed balance after: 195,030

F1 · shares: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

F1 · ownership.nature: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

SEC source: 0000092380-20-000017 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 372,122

F1 · shares: The reporting person transferred these shares to a family limited partnership (the "Family Limited Partnership") (a) the sole general partner of which is a limited liability company (the "Family Limited Liability Company") that is wholly owned by the reporting person and his spouse and (b) the sole limited partners of which were, at the time of the transfer, the reporting person and his spouse.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · derivative · entry 12

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,872 shares

Expires 2023-02-28

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · derivative · entry 11

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,114 shares

Expires 2022-02-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · derivative · entry 10

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,960 shares

Expires 2021-02-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · derivative · entry 9

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,653 shares

Expires 2020-02-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · derivative · entry 8

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 441 shares

Expires 2019-11-04

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 6

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.35 to $66.85, 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.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 5

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,040

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 4

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,168

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,054

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,094

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-003167 · marketforms-44877.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 441

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001214659-19-002495 · marketforms-44744.xml · derivative · entry 1

KELLY GARY C · CIK 0001027716 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,254.02

Underlying: Common Stock · 702.73 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.

F2 · derivative.exercise_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F2 · derivative.expiration_date: Quarterly payment of board retainer and fees in shares of phantom stock accrued under the Deferred Compensation Plan for Non-Employee Directors (the "Plan"), which are payable solely in shares of the Company's common stock at resignation or retirement. The reporting person may transfer his/her Phantom Stock account into an alternative investment account at any time.

F3 · balance_after: Includes 172.72 shares acquired through dividend reinvestment since the reporting person's last report.

SEC source: 0000092380-19-000032 · edgar.xml · nonDerivative · entry 4

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 567,152

SEC source: 0000092380-19-000032 · edgar.xml · nonDerivative · entry 3

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 572,816

SEC source: 0000092380-19-000032 · edgar.xml · nonDerivative · entry 2

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 580,652

SEC source: 0000092380-19-000032 · edgar.xml · nonDerivative · entry 1

KELLY GARY C · CIK 0001027716 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 589,912