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FRANKLIN COVEY CO Director's Dealing 2007

Jul 14, 2007

33517_dirs_2007-07-13_b42adce6-01e5-47b2-9185-b7fe4dea088c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN COVEY CO (FC)
CIK: 0000886206
Period of Report: 2007-07-10

Reporting Person: MERZ SARAH E (President, CSBU)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-07-11 Common Stock M 37500 $1.70 Acquired 116873 Direct
2007-07-11 Common Stock F 7396 $8.62 Disposed 109447 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-07-11 Employee Stock Option (Right to Buy) $1.70 M 37500 Disposed 2013-11-14 Common Stock (37500) Direct

Footnotes

F1: The options have vested in 3 equal annual installments, beginning on November 14, 2004. The remaining 12,500 options will vest on November 14, 2007.