FRANKLIN ELECTRIC CO INC 4
4 · FRANKLIN ELECTRIC CO INC · Filed May 2, 2005
Insider Transaction Report
Form 4
SCHNEIDER DONALD J
Director
Transactions
- Award
Common Stock
2005-04-29$35.56/sh+2,249$79,974→ 160,333 total - Award
Stock Units
[F3]2005-04-29+1,019→ 4,923 total→ Common Stock (1,019 underlying)
Holdings
- 158,084
Common Stock
[F1] - 12,000
Option
[F2]Exercise: $17.63Exp: 2008-04-17→ Common Stock (12,000 underlying) - 32,000
Option
[F2]Exercise: $17.38Exp: 2010-04-14→ Common Stock (20,000 underlying) - 52,000
Option
[F2]Exercise: $17.00Exp: 2011-04-19→ Common Stock (20,000 underlying) - 72,000
Option
[F2]Exercise: $24.98Exp: 2012-04-19→ Common Stock (20,000 underlying) - 80,000
Option
[F2]Exercise: $25.23Exp: 2013-04-25→ Common Stock (8,000 underlying) - 88,000
Option
[F2]Exercise: $32.51Exp: 2014-05-05→ Common Stock (8,000 underlying)
Footnotes (3)
- [F1]Information about securities and derivative securities share amounts and prices presented in the attached Form 4 reflect the impact of a two-for-one stock split. The stock split was effected in the form of a 100% stock distribution of one additional share of Franklin Electric Co., Inc. Common Stock for each share of Common Stock held of record on May 28, 2004. The additional shares were distributed on June 15, 2004.
- [F2]The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.
- [F3]Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the board of directors on February 11, 2000, Mr. Schneider elected to receive his 2002, 2003, 2004 and 2005 board of directors retainer 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 April 29, 2005, Mr. Schneider was also credited with 35 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Schneider may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
Signature
Gregg C. Sengstack, Power of Attorney for Donald J. Schneider|2005-05-02