SEC Form 4 · accession 0000038725-15-000172
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Young
Director
Period of report
Aug 20, 2015
Accepted (ET)
Aug 21, 2015 · 1:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038725
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock unitsF1 | — | Aug 20, 2015 | A | 19 | A | — | — | common stock | 19 | 5,778 | D |
Explanation of responses
- F1Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on April 28, 2006, Mr. Young elected to receive his 2014-2015 Board of Directors stock awards in Franklin Electric Co., Inc. common stock, issuance of shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On August 20, 2015, Mr. Young was credited with 19.23 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Young may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.