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Franklin Financial Corp 4

Accession 0001225208-14-025975

CIK 0001505823operating
View on SEC.govCompany Profile

Filed

Dec 30, 7:00 PM ET

Accepted

Dec 31, 3:08 PM ET

Size

11.8 KB

Accession

0001225208-14-025975

Insider Transaction Report

Form 4
Period: 2014-12-23
Franklin Financial CorpFRNK
Robertson Elizabeth W
Director
Transactions
  • Other

    Common Stock

    2014-12-23+12,528→ 56,002 total
  • Other

    Common Stock

    2014-12-23−12,528.967→ 0 total(indirect: By deferred compensation plan)
Holdings

  • Common Stock

    (indirect: By Son)
    2,000

  • Common Stock

    (indirect: Restricted Stock II)
    2,720

  • Stock Option (Right to Buy)

    Exercise: $13.42Exp: 2022-03-29→ Common Stock (37,000 underlying)
    37,000

  • Stock Option (Right to Buy)

    Exercise: $18.40From: 2014-10-04Exp: 2023-10-04→ Common Stock (8,800 underlying)
    8,800

  • Common Stock

    (indirect: Restricted Stock)
    9,000
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 20% annually beginning on March 29, 2013, in each case, 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.
  • [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
Dec 30, 7:00 PM ET
Accepted
Dec 31, 3:08 PM ET
Size
11.8 KB
View on SEC.gov