SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RANIERI LEWIS S

(Last)

(First)

(Middle)

C/O FRANKLIN BANK CORP.

9800 RICHMOND AVE., SUITE 680

(Street)

HOUSTON

77042

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN BANK CORP [ FBTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/03/2006		P		1,000	A	$16.7531	724,241	D
Commo Stock	02/03/2006		P		1,000	A	$16.7918	725,241	D
Common Stock	02/03/2006		P		1,000	A	$16.7976	726,241	D
Common Stock	02/03/2006		P		1,000	A	$16.8542	727,241	D
Common Stock	02/03/2006		P		462	A	$16.9	727,703	D
Common Stock	02/03/2006		P		1,000	A	$16.933	728,703	D
Common Stock	02/03/2006		P		1,000	A	$16.938	729,703	D
Common Stock	02/03/2006		P		1,000	A	$16.937	730,703	D
Common Stock	02/03/2006		P		1,000	A	$16.93	731,703	D
Common Stock	02/03/2006		P		1,000	A	$16.9553	732,703	D
Common Stock	02/03/2006		P		1,000	A	$16.9936	733,703	D
Common Stock	02/03/2006		P		1,000	A	$17.0145	734,703	D
Common Stock	02/03/2006		P		1,000	A	$17.032	735,703	D
Common Stock	02/03/2006		P		1,000	A	$17.0591	736,703	D
Common Stock	02/03/2006		P		1,000	A	$17.0612	737,703	D
Common Stock	02/03/2006		P		1,000	A	$17.0645	738,703	D
Common Stock	02/03/2006		P		1,000	A	$17.054	739,703	D
Common Stock	02/03/2006		P		1,000	A	$17.0256	740,703	D
Common Stock	02/03/2006		P		3,000	A	$17	743,703	D
Common Stock	02/03/2006		P		1,000	A	$16.9481	744,703	D
Common Stock	02/03/2006		P		1,000	A	$16.8777	745,703	D
Common Stock	02/03/2006		P		1,000	A	$16.8809	746,703	D
Common Stock	02/03/2006		P		1,000	A	$16.8966	747,703	D
Common Stock	02/03/2006		P		1,000	A	$16.8687	748,703	D
Common Stock	02/03/2006		P		1,000	A	$16.846	749,703	D
Common Stock	02/03/2006		P		1,000	A	$16.8724	750,703	D
Common Stock	02/03/2006		P		1,000	A	$16.9241	751,703	D
Common Stock	02/03/2006		P		538	A	$16.898	752,241	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

Non-Executive Chairman of the Board of Directors

	/s/Darlene Tregre	02/06/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.