SEC Form 4 · accession 0000038725-19-000062
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
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 4:27 pm 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 stock | Feb 26, 2019 | M | 3,571 | $36.67 | A | 21,226 | D | |
| common stockF1 | Feb 26, 2019 | F | 2,789 | $54.10 | D | 18,437 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $36.67 | Feb 26, 2019 | M | 3,571 | D | — | Feb 26, 2025 | common stock | 3,571 | 0 | D |
Explanation of responses
- F1Includes 2,311 restricted stock units that vest 3 years after the 2/21/2019 grant date, 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 grant date, 4,023 restricted shares that vest 4 years after the 2/25/2016 grant date, and 6,159 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.