SEC Form 4 · accession 0000038725-16-000401
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Stone
Officer — Sr. Vice President
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 2:26 pm 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 26, 2016 | M | 7,200 | $24.435 | A | 33,559 | D | |
| common stockF1 | Aug 26, 2016 | S | 7,200 | $38.6301 | D | 26,359 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $24.435 | Aug 26, 2016 | M | 7,200 | D | — | Feb 9, 2017 | common stock | 7,200 | 0 | D |
Explanation of responses
- F1Includes 4,797 restricted shares that vest 4 years after the 2/25/2016 grant date, 3,681 restricted shares that vest 4 years after the 2/26/2015 grant date, 3,030 restricted shares that vest 4 years after the 3/4/2014 grant date, 3,910 restricted shares that vest 4 years after the 3/6/2013 grant date, and 10,941 shares held outright.
- F2The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.