FRANKLIN ELECTRIC CO INC — Director's Dealing 2011

Jan 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN ELECTRIC CO INC (fele)
CIK: 0000038725
Period of Report: 2011-01-01

Reporting Person: MASKE PETER C (Sr. Vice Presiden)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	common stock	M	3965	$38.92	Acquired	89289	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	2481	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
option	$29.95	2011-07-01	common stock (9600)	9600	Direct
common stock	$40.93	2014-01-01	common stock (6750)	16350	Direct
common stock	$45.9	2014-01-01	common stock (3900)	20250	Direct
common stock	$48.87	2014-01-01	common stock (3600)	23850	Direct
common stock	$32.19	2014-01-01	common stock (15300)	39150	Direct
common stock	$17.34	2014-01-01	common stock (31724)	70874	Direct
common stock	$28.82	2014-01-01	common stock (4600)	75474	Direct

Footnotes

F1: Holdings within the Franklin Electric Co., Inc. Directed Investment Salary Plan Trust. The ESOP plan was dissolved in 2010. All equivalent shares were transferred to the Directed Investment Salary Plan. The information reported herein is based on a plan statement as of December 31, 2010.

F2: 1400 restricted awards vesting 2/17/2010
2252 restricted awards with pro rata vest retirement 1/1/2011 (48 shares cancelled)
313 restriced awardss with pro rata vest retirement 1/1/2011 (1187 shares cancelled)

F3: Shares are fully exercisable.