FRANKLIN ELECTRIC CO INC — Director's Dealing 2007

May 14, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FRANKLIN ELECTRIC CO INC (fele)
CIK: 0000038725
Period of Report: 2007-04-26

Reporting Person: davis delancey w (Vice President, Director of Sa)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$36.97	2015-05-06	Common Stock (6500)		Direct
Option	$45.9	2016-02-17	Common Stock (4900)		Direct
Option	$48.87	2017-02-09	Common Stock (4600)		Direct

Footnotes

F1: Allocation of shares under the Franklin Electric Co., Inc. Employee Stock Ownership Plan ("ESOP") Trust. The information reported herein was provided by the trustee for holdings as of March 31, 2007.

F2: The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.