SEC Form 4 · accession 0000038725-18-000207
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Verhage
Director
Period of report
Nov 15, 2018
Accepted (ET)
Nov 16, 2018 · 11:12 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038725
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock unitsF1 | — | Nov 15, 2018 | A | 102 | A | — | — | common stock | 102 | 38,597 | D |
Explanation of responses
- F1Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended andrestated on April 28, 2006, Mr. VerHage elected to receive his 2011-2018 stock award, meeting fees and retainer in Franklin Electric Co., Inc. commonstock, issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On November 15, 2018, Mr. VerHage was credited with 102.31 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. VerHage may elect pursuant to theterms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.