Sullivan Melody J. 4

Accession 0000899243-20-022843

CIK 0001407067other

View on SEC.gov Company Profile

Filed

Aug 17, 8:00 PM ET

Accepted

Aug 18, 9:34 PM ET

Size

61.4 KB

Accession

0000899243-20-022843

Insider Transaction Report

Form 4

Period: 2020-08-13

Franklin Financial Network Inc.FSB

Sullivan Melody J.

Director

Transactions

Exercise/Conversion
Stock Options (right to buy)
2020-08-13−2,475→ 0 total
Exercise: $13.00Exp: 2023-05-31→ Common Stock (2,475 underlying)
Exercise/Conversion
Common Stock
2020-08-13$20.69/sh+9,000$186,210→ 39,161 total
Exercise/Conversion
Stock Options (right to buy)
2020-08-13−2,175→ 0 total
Exercise: $12.00Exp: 2022-06-01→ Common Stock (2,175 underlying)
Exercise/Conversion
Stock Options (right to buy)
2020-08-13−3,300→ 0 total
Exercise: $13.50Exp: 2024-06-01→ Common Stock (3,300 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,000→ 0 total
Exercise: $22.94Exp: 2025-07-01→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,000→ 0 total
Exercise: $22.35Exp: 2025-10-01→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,000→ 0 total
Exercise: $31.38Exp: 2026-01-01→ Common Stock (2,000 underlying)
Disposition to Issuer
Common Stock
2020-08-15−39,161→ 0 total
Exercise/Conversion
Stock Options (right to buy)
2020-08-13−900→ 0 total
Exercise: $10.50Exp: 2021-06-02→ Common Stock (900 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,500→ 0 total
Exercise: $27.00Exp: 2026-04-01→ Common Stock (2,500 underlying)
Exercise/Conversion
Common Stock
2020-08-13$10.50/sh+900$9,450→ 22,211 total
Exercise/Conversion
Common Stock
2020-08-13$12.00/sh+2,175$26,100→ 24,386 total
Exercise/Conversion
Common Stock
2020-08-13$13.00/sh+2,475$32,175→ 26,861 total
Exercise/Conversion
Common Stock
2020-08-13$13.50/sh+3,300$44,550→ 30,161 total
Exercise/Conversion
Stock Options (right to buy)
2020-08-13−9,000→ 0 total
Exercise: $20.69Exp: 2025-04-30→ Common Stock (9,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,500→ 0 total
Exercise: $31.36Exp: 2026-07-01→ Common Stock (2,500 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,500→ 0 total
Exercise: $37.40Exp: 2026-10-01→ Common Stock (2,500 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−2,500→ 0 total
Exercise: $41.85Exp: 2027-01-01→ Common Stock (2,500 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,125→ 0 total
Exercise: $37.35Exp: 2027-04-15→ Common Stock (3,125 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,125→ 0 total
Exercise: $34.30Exp: 2027-10-15→ Common Stock (3,125 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,125→ 0 total
Exercise: $36.40Exp: 2028-01-15→ Common Stock (3,125 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,000→ 0 total
Exercise: $32.95Exp: 2028-04-16→ Common Stock (3,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,000→ 0 total
Exercise: $36.78Exp: 2028-10-15→ Common Stock (3,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,000→ 0 total
Exercise: $27.72Exp: 2029-01-15→ Common Stock (3,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,125→ 0 total
Exercise: $39.60Exp: 2027-07-15→ Common Stock (3,125 underlying)
Disposition to Issuer
Stock Options (right to buy)
2020-08-15−3,000→ 0 total
Exercise: $36.25Exp: 2028-07-16→ Common Stock (3,000 underlying)

Footnotes (21)

[F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), among the Issuer, FB Financial Corporation ("FB Financial"), and Paisley Acquisition Corporation, in exchange for the right to receive for each share of common stock, restricted stock, or restricted stock unit (1) 0.9650 shares of common stock, par value $1.00 per share, of FB Financial, having a market value of $29.52 per share as of the close of trading on August 14, 2020, the last trading day prior to the effective time of the merger (the "Effective Time"), and (2) $2.00 in cash (collectively, the "Merger Consideration").
[F10]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on April 1, 2017, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F11]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on July 1, 2017, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F12]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on October 1, 2017, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F13]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on January 1, 2018, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F14]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on April 15, 2018, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F15]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on July 15, 2018, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F16]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on October 15, 2018, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F17]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on January 15, 2019, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F18]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in three equal annual installments beginning on April 16, 2019, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F19]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in three equal annual installments beginning on July 16, 2019, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F2]The option provided for vesting in five equal annual installments beginning on June 2, 2012.
[F20]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in three equal annual installments beginning on October 15, 2019, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F21]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in three equal annual installments beginning on January 15, 2020, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F3]The option provided for vesting in five equal annual installments beginning on June 1, 2013.
[F4]The option provided for vesting in five equal annual installments beginning on May 31, 2014.
[F5]The option provided for vesting in five equal annual installments beginning on June 1, 2015.
[F6]The option provided for vesting in five equal annual installments beginning on April 30, 2016.
[F7]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on July 1, 2016, was converted into the right to receive the Merger Consideration in respect of each "Net Share," defined as the number of shares determined by dividing (a) the product of (1) the excess, if any, of $30.13 over the per share exercise price of the option multiplied by (2) the number of shares underlying the option, by (b) $30.13.
[F8]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on October 1, 2016, was converted into the right to receive the Merger Consideration in respect of each Net Share.
[F9]Pursuant to the Merger Agreement, at the Effective Time, the option, which provided for vesting in five equal annual installments beginning on January 1, 2017, was converted into the right to receive the Merger Consideration in respect of each Net Share.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Franklin Financial Network Inc.

CIK 0001407067

→

Entity typeother

Related Parties

filerCIK 0001637768

Filing Metadata

Form type: 4
Filed: Aug 17, 8:00 PM ET
Accepted: Aug 18, 9:34 PM ET
Size: 61.4 KB

View on SEC.gov