SEC Form 4 · accession 0000038725-15-000226
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
Dec 1, 2015
Accepted (ET)
Dec 2, 2015 · 9:41 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 stock | Dec 1, 2015 | M | 3,538 | $24.095 | A | 19,609 | D | |
| common stockF1 | Dec 1, 2015 | F | 2,910 | $32.61 | D | 16,699 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $24.095 | Dec 1, 2015 | M | 3,538 | D | — | May 4, 2022 | common stock | 3,538 | 0 | 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 3,902 shares owned outright.
- F2The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.