FRANKLIN RESOURCES INC — Director's Dealing 2009

Oct 30, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FRANKLIN RESOURCES INC (BEN)
CIK: 0000038777
Period of Report: 2009-10-29

Reporting Person: LUSK JOHN M (EVP-Portfolio Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-29	Common Stock, par value $.10	M	12356	$31.95	Acquired	31986.8291	Direct
2009-10-29	Common Stock, par value $.10	M	3268	$37.27	Acquired	35254.8291	Direct
2009-10-29	Common Stock, par value $.10	S	12356	$105.8606	Disposed	22898.8291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-29	Stock Option (Right to Buy)	$37.27	M	3268	Disposed	2010-11-16	Common Stock, par value $.10 (3268)	Direct
2009-10-29	Stock Option (Right to Buy)	$31.95	M	12356	Disposed	2012-11-09	Common Stock, par value $.10 (12356)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.10	408.038	Indirect

Footnotes

F1: Of the amount of securities beneficially owned, 4,016 shares represent unvested awards of restricted stock.

F2: Reporting person holds shares in the Franklin Templeton Profit Sharing 401(k) Plan. Information is based on a plan statement as of September 30, 2009.

F3: Not applicable.