SEC Form 4 · accession 0000899243-17-015127
Franklin Financial Network Inc. · FSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin A. Herrington
Officer — See Remarks
Period of report
Jun 1, 2017
Accepted (ET)
Jun 2, 2017 · 4:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001407067
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 1, 2017 | M | 1,745 | $10.00 | A | 13,260 | D | |
| Common StockF1 | Jun 2, 2017 | S | 1,500 | $40.66 | D | 11,760 | D | |
| Common Stock | holding | — | — | — | 10 | I | by minor children | |
| Common StockF2 | holding | — | — | — | 2,677 | I | by 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $10.00 | Jun 1, 2017 | M | 1,745 | D | — | Feb 20, 2018 | Common Stock | 1,745 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.375 to $41.15, inclusive. The reporting person undertakes to provide to Franklin Financial Network, Inc. (the "Issuer"), any security holder of the Issuer, 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) to this Form 4.
- F2As of March 31, 2017.
- F3The option became exercisable as to 349 shares on February 20, 2009; 349 shares on February 20, 2010; 349 shares on February 20, 2011; 349 shares on February 20, 2012 and 349 shares on February 20, 2013.
Remarks
Executive Vice President, Chief Operating Officer of Franklin Synergy Bank, a subsidiary of the Issuer