4//SEC Filing
Franklin Financial Corp 4
Accession 0001225208-14-025974
CIK 0001505823operating
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 3:08 PM ET
Size
11.3 KB
Accession
0001225208-14-025974
Insider Transaction Report
Form 4
Harrison Hugh T II
Director
Transactions
- Other
Common Stock
2014-12-23−3,900.186→ 0 total(indirect: By deferred compensation plan) - Other
Common Stock
2014-12-23+3,900→ 13,409 total
Holdings
- 2,720(indirect: Restricted Stock II)
Common Stock
- 9,000(indirect: Restricted Stock)
Common Stock
- 37,000
Stock Option (Right to Buy)
Exercise: $13.42Exp: 2022-03-29→ Common Stock (37,000 underlying) - 8,800
Stock Option (Right to Buy)
Exercise: $18.40From: 2014-10-04Exp: 2023-10-04→ Common Stock (8,800 underlying)
Footnotes (5)
- [F1]The transaction represents a distribution of shares of common stock credited to the Reporting Person under the plan. The distribution was made as a result of the termination of the plan and the Reporting Person's subsequent termination of service with Franklin Financial Corporation in connection with the proposed merger of Franklin Financial Corporation with and into TowneBank, with TowneBank as the surviving entity. The distributed shares are now held directly by the Reporting Person.
- [F2]Shares vest at a rate of 3,000 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
Issuer
Franklin Financial Corp
CIK 0001505823
Entity typeoperating
Related Parties
1- filerCIK 0001505823
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 3:08 PM ET
- Size
- 11.3 KB