SEC Form 4 · accession 0000899243-18-014468
Franklin Financial Network Inc. · FSB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Cross IV
Director
Period of report
May 22, 2018
Accepted (ET)
May 30, 2018 · 5:10 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 | May 22, 2018 | M | 1,980 | $13.00 | A | 31,080 | D | |
| Common Stock | May 22, 2018 | M | 1,980 | $13.50 | A | 33,060 | D | |
| Common StockF1 | May 22, 2018 | S | 3,960 | $36.36 | D | 29,100 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $13.00 | May 22, 2018 | M | 1,980 | D | — | May 31, 2023 | Common Stock | 1,980 | 495 | D |
| Stock Option (right to buy)F3 | $13.50 | May 22, 2018 | M | 1,980 | D | — | Jun 1, 2024 | Common Stock | 1,980 | 1,320 | 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 $36.30 to $36.40, 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 ranges set forth in this footnote (1) to this Form 4.
- F2The option became exercisable as to 495 shares on May 31, 2014; 495 shares on May 31, 2015; 495 shares on May 31, 2016; and 495 shares on May 31, 2017; and becomes exercisable as to 495 shares on May 31, 2018.
- F3The option became exercisable as to 660 shares on June 1, 2015; 660 shares on June 1, 2016; and 660 shares on June 1, 2017; and becomes exercisable as to 660 shares on June 1, 2018 and 660 shares on June 1, 2019.
Remarks
Exhibit 24.1 Power of Attorney