SEC Form 4 · accession 0000038725-17-000093
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
delancey w davis
Officer — President, Headwater Companies
Period of report
May 1, 2017
Accepted (ET)
May 3, 2017 · 8:26 am EDT
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 | May 1, 2017 | M | 2,516 | $32.53 | A | 20,752 | D | |
| common stock | May 1, 2017 | M | 3,572 | $36.67 | A | 24,324 | D | |
| common stock | May 1, 2017 | M | 5,005 | $29.08 | A | 29,329 | D | |
| common stockF1 | May 1, 2017 | F | 9,480 | $41.10 | D | 19,849 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $32.53 | May 1, 2017 | M | 2,516 | D | — | Mar 6, 2023 | common stock | 2,516 | 0 | D |
| optionF2 | $36.67 | May 1, 2017 | M | 3,572 | D | — | Feb 26, 2025 | common stock | 3,572 | 0 | D |
| optionF2 | $29.08 | May 1, 2017 | M | 5,005 | D | — | Feb 25, 2026 | common stock | 5,005 | 0 | D |
Explanation of responses
- F1Includes 2,858 restricted stock units that vest 4 years after the 2/23/2017 grant date, 4,023 restricted shares that vest 4 years after the 2/25/2016 grant date, 3,092 restricted shares that vest 4 years after the 2/26/2015 grant date, 2,531 restricted shares that vest 4 years after the 3/4/2014 grant date, and 7,345 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.