SEC Form 4 · accession 0000038725-17-000029
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan M. Grandon
Officer — Chief Administrative Officer
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 2:56 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 stockF1,F2 | Feb 23, 2017 | A | 2,773 | $0.00 | A | 6,773 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF3 | $42.20 | Feb 23, 2017 | A | 12,747 | A | — | Feb 23, 2027 | common stock | 12,747 | 12,747 | D |
Explanation of responses
- F1Restricted stock shares vest 4 years after the 2/23/2017 grant date.
- F2Includes 2,773 restricted shares that vest 4 years after the 2/23/2017 grant date and 4,000 restricted shares that vest 4 years after the 9/12/2016 grant date.
- F3The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of 2/23/2017.