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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Gregg C. Sengstack
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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12/23/02
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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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 47263 D
Common Stock 7343 I 401(k)
Common Stock 2849 I ESOP
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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)
$48.15 12/23/02 A 8000 12/13/12 C.Stock 8000 $48.15 75000 D
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GENERAL NOTE
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Information about securities and derivative securities share amounts and
prices presented in the attached Form 4 reflect the impact of a two-for-one
stock split. The stock split was effected in the form of a 100% stock
distribution of one additional share of Franklin Electric Co., Inc. Common
Stock for each share of Common Stock held of record on March 4, 2002. The
additional shares were distributed on March 22, 2002.
Holdings within the Franklin Electric Directed Investment Salary Plan
("401k Plan") Trust. The information reported herein is based on a
plan statement reporting August 15, 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 July 31, 2002.
Option grant under the Franklin Electric Co., Inc. 1996 Employee Stock
Option Plan. The reported securities vest on a schedule of 1/5 per year
beginning on 12/13/03. Remaining reported securities owned at the end of
the year are previously reported grants of options under Franklin
Electric employee stock option plans.
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