SEC Form 4 · accession 0000038725-16-000443
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
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 10:08 am 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 stock | Nov 10, 2016 | M | 5,700 | $21.715 | A | 19,613 | D | |
| common stockF1 | Nov 10, 2016 | S | 5,700 | $41.6339 | D | 13,913 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $21.715 | Nov 10, 2016 | M | 5,700 | D | — | Mar 2, 2021 | common stock | 5,700 | 0 | D |
Explanation of responses
- F1Includes 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, 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, and 7,402 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.