SEC Form 4 · accession 0000038725-18-000131
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 24, 2018
Accepted (ET)
May 29, 2018 · 8:18 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 24, 2018 | M | 9,738 | $43.27 | A | 26,071 | D | |
| common stock | May 24, 2018 | M | 3,285 | $42.20 | A | 29,356 | D | |
| common stockF1 | May 24, 2018 | F | 12,365 | $46.45 | D | 16,991 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $43.27 | May 24, 2018 | M | 9,738 | A | — | Mar 4, 2024 | common stock | 9,738 | 0 | D |
| optionF2 | $42.20 | May 24, 2018 | M | 3,285 | A | — | Feb 23, 2027 | common stock | 3,285 | 9,854 | D |
Explanation of responses
- F1Includes 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 grantdate, 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, and 3,932 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.