SEC Form 4 · accession 0000038725-16-000255
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg C Sengstack
Officer — Chairman and CEO
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 3:16 pm 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 25, 2016 | A | 19,085 | $0.00 | A | 369,566 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF3 | $29.08 | Feb 25, 2016 | A | 94,952 | A | — | Feb 25, 2026 | common stock | 94,952 | 94,952 | D |
Explanation of responses
- F1Restricted stock units vest 4 years after the 2/25/2016 grant date.
- F2Includes 19,085 restricted stock units that vest 4 years from the 2/25/2016 grant date, 14,317 restricted stock units that vest 4 years from the 2/26/2015 grant date, 5,290 restricted stock units that vest 4 years from the 5/6/2014 grant date, 4,562 restricted stock units that vest 4 years from the 3/4/2014 grant date, 6,068 restricted stock units that vest 4 years from the 3/6/2013 grant date, 10,698 restricted stock units that vest 4 years from the 5/4/2012 grant date, and 309,546 shares owned outright.
- F3The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 2/25/2016 grant date.