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FRANKLIN ELECTRIC CO INC — Director's Dealing 2016
May 10, 2016
31143_dirs_2016-05-10_e34f98ae-c20b-4063-af9b-89076525ed13.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: 2016-05-06
Reporting Person: PETERSON RENEE J (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-06 | stock units | $ | A | 5443.23 | Acquired | common stock (5443.23) | Direct |
Footnotes
F1: Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the Board of Directors on February 11, 2000 and amended and restated on April 28, 2006, Ms. Peterson elected to receive her 2016 Board of Directors retainer, annual stock award, and committee member fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until she retires or otherwise leaves the Board of Directors (e.g. Stock Units). On May 6, 2016, Ms. Peterson was credited with 1,866.25 Stock Units for the annual retainer, 3,265.94 Stock Units for the annual stock award, and 311.04 Stock Units for committee member fees. At distribution, Ms. Peterson may elect pursuant to the terms of the Plan to receive her deferred compensation either in shares of Franklin common stock or in cash.