FRANKLIN ELECTRIC CO INC — Director's Dealing 2007

Mar 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN ELECTRIC CO INC (fele)
CIK: 0000038725
Period of Report: 2007-03-02

Reporting Person: MILLER THOMAS A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-02	Common Stock	J	6000	—	Acquired	6000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2700	Direct
Common Stock	3893	Indirect
Common Stock	6627	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$29.95	2014-02-12	Common Stock (2880)	2880	Direct
Option	$40.93	2015-02-10	Common Stock (2726)	5606	Direct
Option	$45.9	2016-02-17	Common Stock (3000)	8606	Direct
Common Stock	$48.87	2017-02-09	Common Stock (2400)	11006	Direct

Footnotes

F1: 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.

F2: Transferred from Mr. Miller's wife to Mr. Miller

F3: Holdings within the Franklin Electric Directed Investment Salary Plan ("401k Plan") Trust. The information reported herein is based on a plan statement reporting December 31, 2006 holdings under the 401k Plan.

F4: 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 December 31, 2006.

F5: The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date.

F6: The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.