SEC Form 4 · accession 0000038725-16-000445
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
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 11:42 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 | 100 | $16.095 | A | 26,459 | D | |
| common stock | Nov 10, 2016 | S | 100 | $42.00 | D | 26,359 | D | |
| common stock | Nov 11, 2016 | M | 9,900 | $16.095 | A | 36,259 | D | |
| common stockF2 | Nov 11, 2016 | S | 9,900 | $42.0367 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF1,F3 | $16.095 | Nov 10, 2016 | M | 100 | D | — | Feb 28, 2018 | common stock | 100 | 20,500 | D |
| optionF1,F3 | $16.095 | Nov 11, 2016 | M | 9,900 | D | — | Feb 28, 2018 | common stock | 9,900 | 10,600 | D |
Explanation of responses
- F1This exercise of stock options and corresponding sale of shares was pursuant to a Rule 10b5-1 trading plan entered into by the reporting person.
- F2Includes 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.
- F3The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.