|
Franklin
Universal Trust
|
|
(Name
of Issuer)
|
|
Shares
of Beneficial Interest
|
|
(Title
of Class of Securities)
|
|
355145103
|
|
(CUSIP
Number)
|
|
December
31, 2009
|
|
(Date
of Event Which Requires Filing of this
Statement)
|
|
CUSIP
No. 355145103
|
13G/A
|
Page
2 of 7 Pages
|
|
1.
|
Name
of Reporting Person.
I.R.S.
Identification Nos. of above persons (entities only).
Roumell
Asset Management, LLC (“RAM”)
52-2145132
|
|
|
2.
|
Check
the Appropriate Box if a Member of a Group
|
(a)o
(b)o
|
|
3.
|
SEC
Use Only
|
|
|
4.
|
Citizenship
or Place of Organization
Maryland
|
|
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With:
|
5.
|
Sole
Voting Power
0
|
|
6.
|
Shared
Voting Power
0
|
|
|
7.
|
Sole
Dispositive Power
0
|
|
|
8.
|
Shared
Dispositive Power
0
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
0
|
|
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
|
o Not
Applicable
|
|
11.
|
Percent
of Class Represented by Amount in Row (9)
0%
|
|
|
12.
|
Type
of Reporting Person
IA
|
|
CUSIP
No. 355145103
|
13G/A
|
Page 3
of 7 Pages
|
|
1.
|
Name
of Reporting Person.
I.R.S.
Identification Nos. of above persons (entities only).
James
C. Roumell (“Roumell”)
|
|
|
2.
|
Check
the Appropriate Box if a Member of a Group
|
(c)o
(d)o
|
|
3.
|
SEC
Use Only
|
|
|
4.
|
Citizenship
or Place of Organization
U.S.A.
|
|
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With:
|
5.
|
Sole
Voting Power
0
|
|
6.
|
Shared
Voting Power
0
|
|
|
7.
|
Sole
Dispositive Power
0
|
|
|
8.
|
Shared
Dispositive Power
0
|
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
0
|
|
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
|
o Not
Applicable
|
|
11.
|
Percent
of Class Represented by Amount in Row (9)
0%
|
|
|
12.
|
Type
of Reporting Person
IN
|
|
CUSIP
No. 355145103
|
13G/A
|
Page 4
of 7 Pages
|
|
Item
1(a).
|
Name
of Issuer:
|
|
Item
1(b).
|
Address
of Issuer’s Principal Executive
Offices:
|
|
Item
2(a).
|
Name
of Persons Filing:
|
|
Item
2(b).
|
Address
of Principal Business Office or, if none,
Residence:
|
|
Item
2(c).
|
Citizenship:
|
|
Item
2(d).
|
Title
of Class of Securities:
|
|
Item
2(e).
|
CUSIP
Number:
|
|
Item
3.
|
If
this statement is filed pursuant to Rule 13(d)-1(b), or 13(d)-2(b), or
(c), check whether the person filing is
a:
|
|
|
(a)
|
o
|
Broker
or dealer registered under Section 15 of the Exchange
Act.
|
|
|
(b)
|
o
|
Bank
as defined in Section 3(a)(6) of the Exchange
Act.
|
|
|
(c)
|
o
|
Insurance
company as defined in Section 3(a)(19) of the Exchange
Act.
|
|
|
(d)
|
o
|
Investment
company registered under Section 8 of the Investment Company Act of
1940.
|
|
|
(e)
|
x*
|
An
investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
|
|
|
(f)
|
o
|
An
employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
|
|
|
(g)
|
x*
|
A
parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
|
|
|
(h)
|
o
|
A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act.
|
|
|
(i)
|
o
|
A
church plan that is excluded from the definition of an investment company
under Section 3(c)(14) of the Investment Company
Act.
|
|
|
(j)
|
o
|
Group,
in accordance with Rule
13d-1(b)(1)(ii)(J).
|
|
|
*
|
RAM
is an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940. Roumell is the President of RAM and holds
a controlling percentage of its outstanding voting
securities. Roumell is joining in this filing on Schedule 13G/A
pursuant to Rule 13d-1(k)(1).
|
|
CUSIP
No. 355145103
|
13G/A
|
Page 5
of 7 Pages
|
|
Item
4.
|
Ownership.
|
|
|
(a)
|
Amount
beneficially owned:
|
|
|
(b)
|
Percent
of class:
|
|
|
(c)
|
Number
of shares as to which each person
has:
|
|
|
(i)
|
Sole
power to vote or to direct the vote
|
0
|
|
|
(ii)
|
Shared
power to vote or to direct the vote
|
0
|
|
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
|
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
0
|
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another
Person.
|
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding
Company.
|
|
Item
8.
|
Identification
and Classification of Members of the
Group.
|
|
Item
9.
|
Notice
of Dissolution Group.
|
|
Item
10.
|
Certification.
|
|
CUSIP
No. 355145103
|
13G/A
|
Page 6
of 7 Pages
|
|
February
12, 2010
|
|
|
(Date)
|
|
|
/s/
James C. Roumell
|
|
|
(Signature)
|
|
|
Roumell
Asset Management, LLC
|
|
|
By:
James C. Roumell, President
|
|
|
(Name/Title)
|
|
|
February
12, 2010
|
|
|
(Date)
|
|
|
/s/
James C. Roumell
|
|
|
(Signature)
|
|
|
James
C. Roumell
|
|
|
(Name)
|
|
By:
|
/s/ James C. Roumell
|
||
|
|
James
C. Roumell
|
||
|
ROUMELL
ASSET MANAGEMENT, LLC
|
|||
|
By:
|
/s/ James C. Roumell
|
||
|
|
James
C. Roumell, President
|
||