SEC Form 4 · accession 0000038725-16-000347
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Wathen
Director
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:21 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 | — | May 6, 2016 | A | 5,443 | A | — | — | common stock | 5,443 | 71,777 | 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. Wathen elected to receive his 2016 Board of Directors retainer, stock award, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On May 6, 2016, Mr. Wathen was credited with 1,866.25 Stock Units for the annual retainer, 3,265.94 Stock Units for the annual stock award, and 311.04 Stock Units for committee member fees. At distribution, Mr. Wathen may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.