SEC Form 4 · accession 0000038725-19-000037
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Paul Chhabra
Officer — VP, Global Product Supply
Period of report
Feb 21, 2019
Accepted (ET)
Feb 28, 2019 · 9:15 am 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 21, 2019 | A | 2,175 | $0.00 | A | 9,725 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF3 | $55.16 | Feb 21, 2019 | A | 10,093 | A | — | Feb 21, 2029 | common stock | 10,093 | 10,093 | D |
Explanation of responses
- F1Restricted stock shares vest 3 years after the 2/21/2019 grant date.
- F2Includes 2,175 restricted shares that vest on 2/21/2022, 2,476 restricted shares that vest on 4/3/2019, 2,475 restricted shares that vest on 4/3/2020, and 2,599 restricted shares that vest on 2/22/2022.
- F3The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of 2/21/2019.