X0303 4 2010-04-16 0 0000742161 FIRST FRANKLIN CORP FFHS 0001248364 KUNTZ JOHN J 1 1 0 0 Chairman, President & CEO Common Stock 1400 I IRA Account Option to buy 0.01 2010-04-16 4 A 0 38000 0.01 A 2020-04-16 Common Stock 38000 38750 D 5,000 of the shares are exercisable as of 4/16/2010, 8,000 of the shares are exercisable on 3/31/2011 if the executive is employed by the Company on that date and the Company's average closing share price during the 20 days immediately proceeding that date is equal to or greater than $9.00. 10,000 of the shares are exercisable on 3/31/2012 if the executive is employed by the Company on that date and the Company's average closing share price during the 20 days immediately proceeding that date is equal to or greater than $10.00, 15,000 of the share are exercisable on 03/31/2013 if the executive is employed by the Company on that date and the Company's average closing share price during the 20 days immediately proceeding that date is equal to or greater than $11.00. John J Kuntz 2010-04-16