FRANKLIN ELECTRIC CO INC — Director's Dealing 2009

Mar 9, 2009

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: davis delancey w (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-05	common stock	A	5304	—	Acquired	5304	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-05	option	$17.34	A	15449	Acquired	2019-03-05	common stock (15449)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	35.67	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
option	$32.19	2018-02-28	common stock (9700)	9700	Direct

Footnotes

F1: 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.

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

F3: Pursuant to the Long Term Strategic Incentive Bonus Program, Mr. Davis was awarded 5,304 stock awards which immediately vested.