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FRANKLIN ELECTRIC CO INC — Director's Dealing 2017
May 5, 2017
31143_dirs_2017-05-05_3cf0e29e-d7b3-42e1-98bd-7fa04b640f73.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: 2017-05-04
Reporting Person: VERHAGE THOMAS R (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-04 | stock units | $ | A | 5064.93 | Acquired | common stock (5064.93) | 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, Mr. VerHage elected to receive his 2017 Board of Directors retainer, stock award, and chairman fees in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On May 4, 2017, Mr. VerHage was credited with 1,688.31 Stock Units for the annual retainer, 2,857.14 Stock Units for the annual stock award, and 519.48 Stock Units for chairman fees. At distribution, Mr. VerHage may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.