SEC Form 4 · accession 0000038725-16-000261
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven William Aikman
Officer — VP, Global Water Systems Engin
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 3:29 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 | 2,146 | $29.08 | A | 14,014 | 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 | 10,676 | A | — | Feb 25, 2026 | common stock | 10,676 | 10,676 | D |
Explanation of responses
- F1Restricted stock shares vest 4 years after the 2/25/2016 grant date
- F2Includes 2,146 restricted shares that vest 4 years after the 2/25/2016 grant date, 1,636 restricted shares that vest 4 years after the 2/26/2015 grant date, 1,317 restricted shares that vest 4 years after the 3/4/2014 grant date, 1,412 restricted shares that vest 4 years after the 3/6/2013 grant date, 2,196 restricted shares that vest 4 years after the 5/4/2012 grant date, and 5,307 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.