FORM 4
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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[X] STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
PURSUANT TO SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934,
SECTION 17(a) OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
OR SECTION 30(f) of the INVESTMENT COMPANY ACT OF 1940
Name and Address of Reporting Person*
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William H. Lawson
400 East Spring Street
Bluffton, IN 46714
Issuer Name and Ticker or Trading Symbol
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Franklin Electric Co., Inc. (FELE)
IRS or Social Security Number of Reporting Person (Voluntary)
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Statement for Month/Year
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02/03/03
If Amendment, Date of Original (Month/Year)
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Relationship of Reporting Person(s) to Issuer
(Check all Applicable)
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X Director 10% Owner
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x Officer (Give Title Below) Other (Specify Below)
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Individual or Joint/Group Filing
(Check Applicable Line)
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x Filed by One Reporting Person
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Filed by More Than One Reporting Person
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Table I Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
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1 2 3 4 5 6 7
Title of Transaction Transaction Securities Amount of Ownership: Nature of
Security Date Code Acquired (A) Securities Direct (D) Indirect
(Instr 3) (M/D/Y) (Instr 8) or Disposed Of(D) Benficially or Beneficial
(Instr 3,4,5) Owned at Indirect (I) Ownership
End of Month (Instr 4) (Instr 4)
(Instr 3 & 4)
Code V Amount A or D Price
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Common Stock 416 I 401(k)
Common Stock 4355 I ESOP
C. Stock 01/30/03 F 76588 D 51.58
C. Stock 01/30/03 M 120000 A 15.50
C. Stock 01/30/03 M 8000 A 39.275
Common Stock 01/30/03 G 4847 D 51.58
C. Stock 01/30/03 S 150000 D 51.08 68565 D
Common Stock 68000 I By part
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Table II Derivative Securities Acquired, Disposed Of, or Beneficially Owned
(Puts, Calls, Warrants, Options, Convertible Securities)
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1 2 3 4 5 6 7 8 9 10 11
Title Conver- Trans- Trans- Number Date Title & Price Number Own- Nature
of sion or action action of Deri- Exer- Amount of of of Der- ership: of Indirect
Deriv- Exercise Date Code vative cisable Under- Deriv- ivative Direct Beneficial
ative Price of (M/D/Y) (Ins 8) Securi- & Expir- lying ative Securi- (D) or Ownership
Secur- Deriva- ties ation Securities Secur- ties In- (Inst 4)
ity tive Acquired Date (Instr 3 & 4) ity Owned at direct
(Ins 3) Security (A) or (M/D/Y) (Ins 5) End of (I)
Disposed of Month (Ins 4)
(D) (Ins 4)
(Ins 3,4,5)
Num
Date Expir of
Code V (A) (D) Exer Date Title Shrs
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Option(right to buy)
15.50 01/30/03 M 120000 07/14/05 C.Stock 120000 15.50
Option(right to buy)
39.275 01/30/03 M 8000 12/13/11 C.Stock 8000 39.275
Option(right to buy)
39.275 12/13/02 J 32000 12/13/11 C.Stock 32000 39.275 0
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NOTES
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Holdings within the Franklin Electric Directed Investment Salary Plan
("401k Plan") Trust. The information reported herein is based on a
plan statement reporting December 30, 2002 holdings under the 401k Plan.
Allocation of shares under the Franklin Electric Co., Inc. Employee Stock
Ownership Plan Trust ("ESOP"). The information reported herein was
provided by the trustee for holdings as of December 30, 2002.
On January 30, 2003, in accordance with terms of the 1996 Stock Option
Plan, Mr. Lawson delivered to the Company 76,588 previously held shares
for the exercise price and withholdings required upon the exercise of
options for 128,000 shares (120,000 shares at $15.50 and 8,000 shares at
$39.275).
On January 30, 2003, Mr. Lawson disposed of 150,000 shares in a private
sale to the Company.
The nature of Mr. Lawson's beneficial ownership includes 68,000 shares
held by Lawson Investments Limited Partnership, a limited partnership of
which the reporting person is the sole shareholder of the sole general
partner and of which the reporting person and two children are the sole
limited partners.
Forfeiture of unvested stock options previously granted under the
Franklin Electric Co., Inc. 1996 Employee Stock Option Plan.
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