SEC Form 4 · accession 0000038725-16-000395
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Strupp
Officer — Vice President
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 11:51 am EDT
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 | Aug 8, 2016 | M | 13,000 | $16.095 | A | 29,023 | D | |
| common stock | Aug 8, 2016 | F | 7,918 | $37.87 | D | 21,105 | D | |
| common stockF1 | Aug 9, 2016 | S | 5,082 | $37.5194 | D | 16,023 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $16.095 | Aug 8, 2016 | M | 13,000 | D | — | Feb 28, 2018 | common stock | 13,000 | 0 | D |
Explanation of responses
- F1Includes 1,867 restricted stock units that vest 4 years after the 2/25/2016 grant date, 1,440 restricted stock units that vest 4 years after the 2/26/2015 grant date, 1,186 restricted stock units that vest 4 years after the 3/4/2014 grant date, 1,530 restricted stock units that vest after the 3/6/2013 grant date, and 10,000 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.