SEC Form 4 · accession 0000038725-16-000449
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Crose
Officer — Vice President
Period of report
Nov 14, 2016
Accepted (ET)
Nov 15, 2016 · 2:26 pm 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 14, 2016 | M | 13,200 | $14.41 | A | 52,267 | D | |
| common stock | Nov 14, 2016 | M | 11,468 | $21.715 | A | 63,735 | D | |
| common stock | Nov 14, 2016 | M | 11,956 | $24.095 | A | 75,691 | D | |
| common stockF1 | Nov 14, 2016 | F | 23,614 | $41.65 | D | 52,077 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $14.41 | Nov 14, 2016 | M | 13,200 | D | — | Feb 22, 2020 | common stock | 13,200 | 0 | D |
| optionF2 | $21.715 | Nov 14, 2016 | M | 11,468 | D | — | Mar 2, 2021 | common stock | 11,468 | 0 | D |
| optionF2 | $24.095 | Nov 14, 2016 | M | 11,956 | D | — | May 4, 2022 | common stock | 11,956 | 0 | D |
Explanation of responses
- F1Includes 2,553 restricted stock units that vest 4 years after the 2/25/2016 grant date, 1,963 restricted stock units that vest 4 years after the 2/26/2015 grant date, 1,629 restricted stock units that vest 4 years after the 3/4/2014 grant date, 2,102 restricted stock units that vest 4 years after the 3/6/2013 grant date and 43,830 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.