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FRANKLIN ELECTRIC CO INC — Director's Dealing 2009
Mar 9, 2009
31143_dirs_2009-03-09_5d306f32-e0da-45ca-afcf-948b6db1dbe9.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: 2009-03-05
Reporting Person: SENGSTACK GREGG C (Sr. Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-03-05 | common stock | A | 6959 | — | Acquired | 108985 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-03-05 | option | $17.34 | A | 26226 | Acquired | 2019-03-05 | common stock (26226) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| common stock | 3700 | Direct |
| common stock | 6281.71 | Indirect |
| common stock | 6937.46 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| option | $16.125 | 2010-07-28 | common stock (55000) | 55000 | Direct |
| option | $19.6375 | 2011-12-13 | common stock (26000) | 81000 | Direct |
| option | $24.075 | 2012-12-13 | common stock (16000) | 97000 | Direct |
| option | $29.95 | 2014-02-12 | common stock (16000) | 113000 | Direct |
| option | $40.93 | 2015-02-10 | common stock (9000) | 122000 | Direct |
| option | $45.9 | 2016-02-17 | common stock (3900) | 125900 | Direct |
| option | $48.87 | 2017-02-09 | common stock (3600) | 129500 | Direct |
| option | $32.19 | 2018-02-28 | common stock (15300) | 144800 | 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 Trust. The information reported herein is based on a plan statement reporting December 31, 2008 holdings under the Franklin Electric Directed Investment Salary Plan.
F3: Allocation of shares under the Franklin Electric Co., Inc. Employee Stock Ownership Plan Trust. The information reported herein was provided by the trustee for holdings as of December 31, 2008.
F4: Pursuant to the Long Term Strategic Incentive Bonus Program, Mr. Sengstack was awarded 6,959 stock awards which immediately vested.
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.