Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SENGSTACK GREGG C
   2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [fele] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. Vice President
(Last)
(First)
(Middle)
FRANKLIN ELECTRIC CO INC, 400 EAST SPRING ST		 3. Date of Earliest Transaction (Month/Day/Year)
05/26/2010
(Street)

BLUFFTON, IN 46714		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
common stock 05/26/2010   M   55,000 A $ 16.125 165,535 D  
common stock               6,501 I 401(K) (1)
common stock               7,506 I ESOP (2)
common stock               2,300 (3) D  
common stock               4,000 (4) D  
common stock               4,000 (5) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
option $ 16.125 05/26/2010   M     55,000   (6) 07/28/2010 common stock 55,000 $ 16.125 0 D  
option $ 19.6375               (6) 12/13/2011 common stock 26,000   26,000 D  
option $ 24.075               (6) 12/13/2012 common stock 16,000   42,000 D  
option $ 29.95               (7) 02/12/2014 common stock 16,000   58,000 D  
option $ 40.93               (7) 02/10/2015 common stock 9,000   67,000 D  
option $ 45.9               (7) 02/17/2016 common stock 3,900   70,900 D  
option $ 48.87               (7) 02/19/2017 common stock 3,600   74,500 D  
option $ 32.19               (7) 02/28/2018 common stock 15,300   89,800 D  
option $ 17.34               (7) 03/05/2019 common stock 31,724   121,524 D  
option $ 28.82               (7) 02/22/2020 common stock 12,800   134,324 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SENGSTACK GREGG C
FRANKLIN ELECTRIC CO INC
400 EAST SPRING ST
BLUFFTON, IN 46714		       Sr. Vice President  

Signatures

 Gregg C. Sengstack   05/27/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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) Holdings within the Franklin Electric Co., Inc. Directed Investment Salary Plan Trust. The information reported herein is based on a plan statement as of December 31, 2009.
(2) 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, 2009.
(3) 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.
(4) The shares vest at the end of three years.
(5) The shares vest at the end of four years.
(6) The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date.
(7) The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.

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