SEC Form 4 · accession 0000038725-15-000071
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
Mar 13, 2015
Accepted (ET)
Mar 16, 2015 · 2:02 pm EDT
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 stock | Mar 13, 2015 | M | 3,324 | $21.72 | A | 23,629 | D | |
| common stock | Mar 13, 2015 | M | 2,518 | $32.53 | A | 26,147 | D | |
| common stockF1 | Mar 13, 2015 | F | 4,688 | $37.18 | D | 21,459 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $21.72 | Mar 13, 2015 | M | 3,324 | D | — | Mar 2, 2021 | common stock | 3,324 | 0 | D |
| optionF3 | $32.53 | Mar 13, 2015 | M | 2,518 | D | — | Mar 6, 2023 | common stock | 2,518 | 5,034 | D |
Explanation of responses
- F1Includes 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 4 years after the 5/4/2012 grant date, and 8,662 shares owned outright.
- F2The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 03/02/2011 grant date
- F3The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 03/06/2013 grant date