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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
option | $ 24.9755 | (4) | 04/19/2009 | common stock | 20,000 | 20,000 | D | ||||||||
option | $ 24.005 | (5) | 01/01/2013 | common stock | 80,430 | 100,430 | D | ||||||||
option | $ 29.95 | (5) | 02/13/2014 | common stock | 60,800 | 161,230 | D | ||||||||
option | $ 40.93 | (6) | 02/10/2015 | common stock | 30,200 | 191,430 | D | ||||||||
option | $ 32.19 | (6) | 02/28/2018 | common stock | 57,300 | 281,730 | D | ||||||||
option | $ 17.34 | (6) | 03/05/2019 | common stock | 91,194 | 372,924 | D | ||||||||
option | $ 17.34 | (6) | 03/05/2019 | common stock | 19,120 | 392,044 | D | ||||||||
stock units | (7) | 11/25/2009 | A | 8.58 | (7) | (7) | common stock | 8.58 | (7) | 1,921.9 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TRUMBULL R SCOTT FRANKLIN ELECTRIC CO., INC. 400 E SPRING STREET BLUFFTON, IN 46714 |
Chairman & CEO |
R. Scott Trumbull | 11/30/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The shares vest at the end of four years subject to the performance of certain goals. If these goals are not attained, the shares will be forfeited. |
(2) | The shares vest at the end of four years subject to the performance of certain goals. If these goals are not attained, the shares will be forfeited. |
(3) | Allocation of shares under the Franklin Electric Co., Inc. Employee Stock Ownership Plan Trust. The information reported herein was provided by the trustee for holdings as of December 31, 2008. |
(4) | The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date. |
(5) | The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date. |
(6) | The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date. |
(7) | Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the board of directors on February 11, 2000 and amended and restated on April 28, 2006, Mr. Trumbull elected to receive his 2009 board of directors retainer in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the board of directors (e.g. Stock Units). On November 25, 2009, Mr. Trumbull was credited with 8.58 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Trumbull may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash. |