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FRANKLIN ELECTRIC CO INC — Director's Dealing 2007
Feb 7, 2007
31143_dirs_2007-02-07_97b8c6e3-fdc7-4d3e-8984-54aff974069d.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: 2007-02-06
Reporting Person: NEVINS KIRK M (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-06 | Common Stock | M | 6000 | $19.6375 | Acquired | 6000 | Direct |
| 2007-02-06 | Common Stock | S | 3900 | $50 | Disposed | 2100 | Direct |
| 2007-02-06 | Common Stock | S | 1600 | $50.0004 | Disposed | 500 | Direct |
| 2007-02-06 | Common Stock | S | 300 | $50.0101 | Disposed | 200 | Direct |
| 2007-02-06 | Common Stock | S | 200 | $50.01 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-06 | Option | $19.6375 | M | 6000 | Disposed | 2011-12-13 | Common Stock (6000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3400 | Direct |
| Common Stock | 950 | Direct |
| Common Stock | 4862 | Indirect |
| Common Stock | 3843 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $29.95 | 2014-02-12 | Common Stock (4320) | 4320 | Direct |
| Option | $40.93 | 2015-02-10 | Common Stock (4150) | 8470 | Direct |
| Option | $45.9 | 2016-02-17 | Common Stock (2600) | 11070 | 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: 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.
F3: 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.
F4: The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date.
F5: The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.