SEC Form 4 · accession 0000038725-18-000030
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
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 3:51 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 22, 2018 | A | 3,086 | $0.00 | A | 18,864 | D | |
| common stock | holding | — | — | — | 121 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF3 | $40.25 | Feb 22, 2018 | A | 14,530 | A | — | Feb 22, 2028 | common stock | 14,530 | 14,530 | D |
Explanation of responses
- F1Restricted stock units vest 4 years after the 2/22/2018 grant date
- F2Includes 3,086 restricted stock units that vest 4 years after the 2/22/2018 grant date, 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 3,274 shares owned outright.
- F3The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the 2/22/2018 grant date