delancey w. davis - Jul 28, 2022 Form 4 Insider Report for FRANKLIN ELECTRIC CO INC (FELE)

Role
President, Headwater Companies
Signature
DeLancey W. Davis
Stock symbol
FELE
Transactions as of
Jul 28, 2022
Transactions value $
-$945,958
Form type
4
Date filed
8/1/2022, 05:10 PM
Previous filing
Apr 5, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FELE common stock Options Exercise $146K +3.63K +33.7% $40.25 14.4K Jul 28, 2022 Direct
transaction FELE common stock Options Exercise $200K +3.63K +25.2% $55.16 18K Jul 28, 2022 Direct
transaction FELE common stock Options Exercise $222K +3.71K +20.57% $59.71 21.8K Jul 28, 2022 Direct
transaction FELE common stock Sale -$946K -11K -50.45% $86.21 10.8K Jul 28, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FELE option Options Exercise -$146K -3.63K -100% $40.25 0 Jul 28, 2022 common stock 3.63K $40.25 Direct F2
transaction FELE option Options Exercise -$200K -3.63K -100% $55.16 0 Jul 28, 2022 common stock 3.63K $55.16 Direct F3
transaction FELE option Options Exercise -$222K -3.71K -49.99% $59.71 3.71K Jul 28, 2022 common stock 3.71K $59.71 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,752 restricted stock units that vest 3 years after the 2/24/2022 grant date, 1,928 restricted stock units that vest 3 years after the 2/18/2021 grant date, 2,186 restricted stock units that vest 3 years after the 2/20/2020 grant date, and 4,911 shares owned outright.
F2 The options became exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.
F3 The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.