Franklin Financial Corp 4

4 · Franklin Financial Corp · Filed Dec 31, 2014

Form 4

Period: 2014-12-23

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