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FRANKLIN ELECTRIC CO INC — Director's Dealing 2007
Apr 30, 2007
31143_dirs_2007-04-30_310d4449-750a-4437-9cce-9ab63c53be8a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FRANKLIN ELECTRIC CO INC (fele)
CIK: 0000038725
Period of Report: 2007-04-26
Reporting Person: Wathen David M (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-04-26 | Stock Units | $ | A | 866.99 | Acquired | Common Stock (866.99) | Direct | |
| 2007-04-27 | Stock Units | $ | A | 1838.66 | Acquired | Common Stock (1838.66) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2249 | Direct |
Footnotes
F1: 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. Wathen elected to receive his 2005 board of directors retainer and his 2006 and 2007 retainer, meeting fees and stock award 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 April 26, 2007, Mr. Wathen was credited with 798.54 Stock Units for payment of his annual retainer and 68.45 Stock Units for payment of board meeting fees. At distribution, Mr. Wathen may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
F2: Pursuant to terms of the Nonemployee Director' Deferred Compensation Plan approved by the board of directors on February 11, 2000 and amended and restated on April 28, 2006, Mr. Wathen elected to receive his 2005 board of directors retainer and his 2006 and 2007 retainer, meeting fees and stock award 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 April 27, 2007, Mr. Wathen was credited with 1,838.66 Stock Units for his 2007 stock award. At distribution, Mr. Wathen may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.