SEC Form 4 · accession 0000038725-17-000165
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald P Kenney
Officer — VP & President
Period of report
Oct 26, 2017
Accepted (ET)
Oct 30, 2017 · 8:37 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 | Oct 26, 2017 | S | 603 | $45.00 | D | 19,129 | D | |
| common stock | Oct 27, 2017 | M | 12,000 | $16.095 | A | 31,129 | D | |
| common stock | Oct 27, 2017 | F | 7,849 | $45.55 | D | 23,280 | D | |
| common stockF1 | Oct 27, 2017 | S | 4,151 | $45.00 | D | 19,129 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $16.095 | Oct 27, 2017 | M | 12,000 | D | — | Feb 28, 2018 | common stock | 12,000 | 0 | D |
Explanation of responses
- F1Includes 5,945 restricted stock units that vest on 2/23/2021, 2,218 restricted stock units that vest 4 years after the 2/25/2016 grant date, 1,693 restricted stock units that vest 4 years after the 2/26/2015 grant date, 3,716 restricted stock units that vest 4 years after the 3/4/2014 grant date, and 5,557 shares owned outright.
- F2The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.