FRANKLIN COVEY CO — Director's Dealing 2011

Jul 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN COVEY CO (FC)
CIK: 0000886206
Period of Report: 2011-07-15

Reporting Person: YOUNG STEPHEN D (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-15	common shares	A	8818	—	Acquired	82191	Direct
2011-07-15	common shares	F	2774	$11.34	Disposed	79417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-15	stock units	$	A	24632	Acquired	2016-07-15	common shares (24632)	Direct

Footnotes

F1: Each stock unit represents a contingent right to receive on share of common stock of Franklin Covey Co. The stock units shall vest at such time as the five day average closing price of the common stock equals or exceeds $17.00 per share (the "Condition"), however, if the Condition is not satisfied by July 15, 2014 but is satisfied after that date but prior to the expiration date, then half of the stock units will vest.