FRANKLIN ELECTRIC CO INC — Director's Dealing 2011

Mar 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN ELECTRIC CO INC (fele)
CIK: 0000038725
Period of Report: 2011-03-08

Reporting Person: davis delancey w (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-08	option	$32.19	M	1500	Disposed	2018-02-28	common stock (3350)	Direct
2011-03-08	option	$28.82	M	2000	Disposed	2020-02-22	common stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	58	Indirect
common stock	4000	Direct
common stock	2500	Direct
common stock	2093	Direct
common stock	1637	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
option	$36.97	2015-05-16	common stock (1625)	1625	Direct
option	$45.9	2016-02-17	common stock (4900)	6525	Direct
option	$48.87	2017-02-09	common stock (4600)	11125	Direct
option	$17.34	2019-03-05	common stock (14015)	28490	Direct
option	$43.43	2021-03-02	common stock (6649)	41139	Direct

Footnotes

F1: Holdings within the Franklin Electric Co., Inc. Directed Investment Salary Plan Trust. The information reported herein is based on a plan statement as of December 31, 2010.

F2: The shares vest at the end of three years.

F3: The shares vest at the end of four years.

F4: The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.