FORM 4 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________ [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* ------------------------------------ Thomas A. Miller 400 East Spring Street Bluffton, IN 46714 Issuer Name and Ticker or Trading Symbol ---------------------------------------- Franklin Electric Co., Inc. (FELE) IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------- Statement for Month/Year ------------------------ 10/18/02 If Amendment, Date of Original (Month/Year) ------------------------------------------ Relationship of Reporting Person(s) to Issuer (Check all Applicable) -------------------- Director 10% Owner ----- ----- X Officer (Give Title Below) Other (Specify Below) ----- ----- Individual or Joint/Group Filing (Check Applicable Line) --------------------- X Filed by One Reporting Person ----- Filed by More Than One Reporting Person ----- 2 Table I Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned ----------------------------------------------------------------------------------------------------------- 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 ----------------------------------------------------------------------------------------------------------- Common Stock 10/18/02 S 500 D 44.75 Common Stock 10/18/02 S 500 D 44.50 Common Stock 10/18/02 S 500 D 43.60 41400 D Common Stock 1962 I 401(k)Common Stock 2801 I ESOP ----------------------------------------------------------------------------------------------------------- 3 Table II Derivative Securities Acquired, Disposed Of, or Beneficially Owned (Puts, Calls, Warrants, Options, Convertible Securities) --------------------------------------------------------------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------------------------- Option(right to buy) C.Stock 35000 D ---------------------------------------------------------------------------------------------------------------------------------- 4 GENERAL NOTE ------------ 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. 1 5Holdings 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. Previously reported stock options under Franklin Electric employee stock option plans.