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BARTLETT & CO
> LNC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2011 | LINCOLN NATIONAL CORP | LNC | 225,255 | -67,972 | 4,375,000 | -209,000 | $19.42 |
| 09/30/2011 | LINCOLN NATIONAL CORP | LNC | 293,227 | 4,685 | 4,584,000 | -3,637,000 | $15.63 |
| 08/11/2011 | LINCOLN NATIONAL CORP | LNC | 288,542 | -6,695 | 8,221,000 | -648,000 | $28.49 |
| 05/12/2011 | LINCOLN NATIONAL CORP | LNC | 295,237 | 3,430 | 8,869,000 | 753,000 | $30.04 |
| 02/11/2011 | LINCOLN NATIONAL CORP | LNC | 291,807 | 48,636 | 8,116,000 | 2,299,000 | $27.81 |
| 11/12/2010 | LINCOLN NATIONAL CORP | LNC | 243,171 | 29,494 | 5,817,000 | 626,000 | $23.92 |
| 08/12/2010 | LINCOLN NATIONAL CORP | LNC | 213,677 | -915 | 5,191,000 | -1,397,000 | $24.29 |
| 03/31/2010 | LINCOLN NATIONAL CORP | LNC | 214,592 | 22,250 | 6,588,000 | 1,802,000 | $30.70 |
| 02/12/2010 | LINCOLN NATIONAL CORP | LNC | 192,342 | 10,554 | 4,786,000 | 75,000 | $24.88 |
| 09/30/2009 | LINCOLN NATIONAL CORP | LNC | 181,788 | 2,917 | 4,711,000 | 1,632,000 | $25.91 |
| 06/30/2009 | LINCOLN NATIONAL CORP | LNC | 178,871 | 47,936 | 3,079,000 | 2,203,000 | $17.21 |
| 03/31/2009 | LINCOLN NATIONAL CORP | LNC | 130,935 | 130,935 | 876,000 | 876,000 | $6.69 |
| 12/31/2008 | LINCOLN NATIONAL CORP | LNC | 196,899 | 26,808 | 3,710,000 | -3,572,000 | $18.84 |
| 09/30/2008 | LINCOLN NATIONAL CORP | LNC | 170,091 | 10,012 | 7,282,000 | 27,000 | $42.81 |
| 06/30/2008 | LINCOLN NATIONAL CORP | LNC | 160,079 | 160,079 | 7,255,000 | 7,255,000 | $45.32 |
| 03/31/2008 | LINCOLN NATIONAL CORP | LNC | 144,900 | 11,201 | 7,535,000 | -249,000 | $52.00 |
| 12/31/2007 | LINCOLN NATIONAL CORP | LNC | 133,699 | 133,699 | 7,784,000 | 7,784,000 | $58.22 |
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