SEC Form 4 · accession 0000038725-18-000147
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg C Sengstack
Officer — Chairman and CEO
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 3:37 pm 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 | Jul 26, 2018 | M | 24,108 | $8.67 | A | 436,949 | D | |
| common stockF1 | Jul 26, 2018 | F | 13,016 | $48.85 | D | 423,933 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $8.67 | Jul 26, 2018 | M | 24,108 | A | — | Mar 5, 2019 | common stock | 24,108 | 0 | D |
Explanation of responses
- F1Includes 20,497 restricted stock units that vest 4 years from the 2/22/2018 grant date, 15,349 restricted stock units that vest 4 years from the 2/24/2017 grant date, 19,085 restricted stock units that vest 4 years from the 2/25/2016 grant date, 14,317 restricted stock units that vest 4 years from the 2/26/2015 grant date, and 354,685 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.