SEC Form 4 · accession 0000038725-18-000176
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven William Aikman
Officer — VP, Global Water Systems Engin
Period of report
Aug 21, 2018
Accepted (ET)
Aug 23, 2018 · 7:38 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 | Aug 21, 2018 | M | 3,500 | $24.095 | A | 18,515 | D | |
| common stockF1 | Aug 21, 2018 | S | 3,500 | $49.89 | D | 15,015 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $24.095 | Aug 21, 2018 | M | 3,500 | D | — | May 4, 2022 | common stock | 3,500 | 3,610 | D |
Explanation of responses
- F1Includes 1,863 restricted stock units that vest 4 years after the 2/22/2018 grant date, 1,528 restricted stock units that vest 4 years after the 2/23/2017 grant date, 2,146 restricted shares that vest 4 years after the 2/25/2016 grant date, 1,636 restricted shares that vest 4 years after the 2/26/2015 grant date, and 7,842 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.