SEC Form 4 · accession 0000038725-16-000419
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald P Kenney
Officer — VP & President Energy Systems
Period of report
Sep 12, 2016
Accepted (ET)
Sep 13, 2016 · 10:00 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 | Sep 12, 2016 | M | 5,800 | $24.435 | A | 21,822 | D | |
| common stockF1 | Sep 12, 2016 | S | 5,800 | $38.00 | D | 16,022 | 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 | Sep 12, 2016 | M | 5,800 | D | — | Feb 9, 2017 | common stock | 5,800 | 0 | D |
Explanation of responses
- F1Includes 2,218 restricted stock units that vest 4 years after the 2/25/2016 grant date, 1,693 restricted stock units that vest 4 years after the 2/26/2015 grant date, 3,716 restricted stock units that vest 4 years after the 3/4/2014 grant date, 4,796 restricted stock units that vest 4 years after the 3/6/2013 grant date, and 3,599 shares held outright.
- F2The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.