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^*

TRUMBULL R SCOTT

(Last)

(First)

(Middle)

FRANKLIN ELECTRIC CO., INC.

400 E SPRING STREET

(Street)

BLUFFTON

46714

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN ELECTRIC CO INC [ fele ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2011

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								2,711⁽¹⁾	I	401(K)
common stock								12,500⁽²⁾	D
common stock								1,814⁽³⁾	D
common stock	03/02/2011		A		13,564	A	$43.43	13,564⁽²⁾	D
common stock								9,400⁽⁴⁾	D
common stock								163,863	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)
option	$24.98							⁽⁵⁾	04/19/2012	common stock	20,000		20,000	D
option	$24.01							⁽⁶⁾	01/01/2013	common stock	80,430		100,430	D
option	$29.95							⁽⁶⁾	02/12/2014	common stock	60,800		161,230	D
option	$40.93							⁽⁷⁾	02/10/2015	common stock	30,200		191,430	D
option	$45.9							⁽⁷⁾	02/17/2016	common stock	18,500		209,930	D
option	$48.87							⁽⁷⁾	02/09/2017	common stock	14,500		224,430	D
option	$32.19							⁽⁷⁾	02/28/2018	common stock	57,300		281,730	D
option	$17.34							⁽⁷⁾	03/05/2019	common stock	100,000		381,730	D
option	$28.82							⁽⁷⁾	02/22/2020	common stock	39,900		421,630	D
option	$43.43							⁽⁷⁾	03/02/2021	common stock	43,096		464,726	D

Explanation of Responses:

1. Holdings within the Franklin Electric Co., Inc. Directed Investment Salary Plan Trust. The information reported herein is based on a plan statement as of December 31, 2010.

2. The shares vest at the end of four years.

3. The awards vest in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.

4. Shares had a 4 year vest ending on 2/9/2011. Shares will be released pending performance critera analysis.

5. The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.

6. The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date.

7. The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.

	R. Scott Trumbull	03/04/2011
	** 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).
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