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Franklin Financial Corp 4

Accession 0001225208-14-021405

CIK 0001505823operating
View on SEC.govCompany Profile

Filed

Oct 6, 8:00 PM ET

Accepted

Oct 7, 4:00 PM ET

Size

11.1 KB

Accession

0001225208-14-021405

Insider Transaction Report

Form 4
Period: 2014-10-04
Franklin Financial CorpFRNK
Wheeler Richard T Jr
DirectorChairman. President & CEO
Transactions
  • Tax Payment

    Common Stock

    2014-10-04$18.97/sh−1,125$21,341→ 22,130 total
Holdings

  • Common Stock

    (indirect: By deferred compensation plan)
    88,708.456

  • Common Stock

    (indirect: By ESOP)
    8,635.503

  • Common Stock

    (indirect: Restricted Stock)
    45,000

  • Common Stock

    (indirect: Restricted Stock II)
    13,600

  • Stock Option (Right to Buy)

    Exercise: $13.42Exp: 2022-03-29→ Common Stock (185,000 underlying)
    185,000

  • Stock Option (Right to Buy)

    Exercise: $18.40From: 2014-10-04Exp: 2023-10-04→ Common Stock (44,100 underlying)
    44,100
Footnotes (5)
  • [F1]On October 4, 2014, 3,400 shares of restricted stock vested and were reported as held directly. Also on October 4, 2014, the reporting person tendered 1,125 of his directly held shares to Franklin Financial Corporation for tax withholding purposes, leaving a beneficial ownership amount of 22,130 shares held directly.
  • [F2]Shares vest at a rate of 15,000 annually (20% of the original grant) beginning on March 29, 2013, subject to the achievement of certain performance metrics over an October 1 to September 30 annual performance period. Any portion of an award not vested in prior years may vest on a later vesting date during the performance period if, as of such date, the Issuer has met the specified performance target. Any shares not vested after the fifth vesting date will be forfeited. The Board of Directors has deemed that the performance metrics have been met for the October 1, 2013 to September 30, 2015 performance periods.
  • [F3]Restricted stock vests in five equal annual installments, beginning on October 4, 2014, the first anniversary of the date of the award.
  • [F4]Stock options vest in five equal annual installments beginning on March 29, 2013, the first anniversary of the date of the grant.
  • [F5]Stock options vest in five equal annual installments beginning on October 4, 2014, the first anniversary of the date of the grant.

Documents

1 file

Issuer

Franklin Financial Corp

CIK 0001505823

→
Entity typeoperating

Related Parties

1
  • filerCIK 0001505823

Filing Metadata

Form type
4
Filed
Oct 6, 8:00 PM ET
Accepted
Oct 7, 4:00 PM ET
Size
11.1 KB
View on SEC.gov