FRANKLIN ELECTRIC CO INC 4
4 · FRANKLIN ELECTRIC CO INC · Filed Aug 21, 2015
Insider Transaction Report
Form 4
YOUNG THOMAS L
Director
Transactions
- Award
stock units
2015-08-20$29.19/sh+19.23$561→ 5,777.54 total→ common stock (19.23 underlying)
Footnotes (1)
- [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. Young elected to receive his 2014-2015 Board of Directors stock awards in Franklin Electric Co., Inc. common stock, issuance of shares deferred until he retires or otherwise leaves the Board of Directors (e.g. Stock Units). On August 20, 2015, Mr. Young was credited with 19.23 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Young may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.