SEC Form 4 · accession 0000038725-15-000026
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
delancey w davis
Officer — Vice President
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 11:58 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1,F2 | Feb 26, 2015 | A | 3,092 | $0.00 | A | 21,640 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF3 | $36.67 | Feb 26, 2015 | A | 14,287 | A | — | Feb 26, 2025 | common stock | 14,287 | 14,287 | D |
Explanation of responses
- F1Restricted stock shares vest 4 years after the 2/26/2015 grant date
- F2Includes 3,092 restricted shares that vest 4 years after the 2/26/2015 grant date, 2,531 restricted shares that vest 4 years after the 3/4/2014 grant date, 2,804 restricted shares that vest 4 years after the 3/6/2013 grant date, 4,370 restricted shares that vest after the 5/4/2012 grant date, 4,186 restricted shares that vest 4 years from the 3/2/2011 grant date and 4,657 shares owned outright.
- F3The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 2/26/2015 grant date