SEC Form 4 · accession 0000038725-17-000035
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
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 3:34 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 | Feb 23, 2017 | D | 4,797 | $0.00 | D | 21,562 | D | |
| common stockF1,F2 | Feb 23, 2017 | A | 4,797 | $0.00 | A | 26,359 | D | |
| common stockF3,F4 | Feb 23, 2017 | A | 3,412 | $0.00 | A | 29,771 | D | |
| common stock | holding | — | — | — | 24,267 | I | 401K Shares |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF5 | $42.20 | Feb 23, 2017 | A | 15,689 | A | — | Feb 23, 2027 | common stock | 15,689 | 15,689 | D |
Explanation of responses
- F1Conversion from restricted shares to restricted units
- F2Newly issued restricted stock units vest on 2/25/2020, which is the same vesting date as the previously issued restricted shares.
- F3Restricted stock units vest 4 years after the 2/23/2017 grant date.
- F4Includes 3,412 restricted stock units that vest 4 years after the 2/23/2017 grant date, 4,797 restricted stock units that vest 3 years after the 2/23/2017 reissued 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.
- F5The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 2/23/2017 grant date.