FORM 3
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________
[X] INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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(h) of the INVESTMENT COMPANY ACT OF 1940
Name and Address of Reporting Person*
------------------------------------
Robert J. Stone
400 East Spring Street
Bluffton, IN 46714
Date of Event Requiring Statement
(Month/Day/Year)
---------------------------------
04/25/03
IRS or Social Security Number of Reporting Person (Voluntary)
-------------------------------------------------------------
Issuer Name and Ticker or Trading Symbol
----------------------------------------
Franklin Electric Co., Inc. (FELE)
Relationship of Reporting Person(s) to Issuer
(Check all Applicable)
--------------------
Director 10% Owner
----- -----
X Officer (Vice President) Other (Specify Below)
----- -----
If Amendment, Date of Original
(Month/Day/Year)
------------------------------
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 Beneficially Owned
-----------------------------------------------------------------------------------------------------------
1 2 3 4
Title of Amount of Ownership Nature of
Security Securities Form: Direct Indirect
(Instr.4) Benficially (D) or Beneficial
Owned Indirect (I) Ownership
(Instr.4) (Instr.5) (Instr.5)
-----------------------------------------------------------------------------------------------------------
Common Stock 3150 I 401k
Common Stock 1964 I ESOP
-----------------------------------------------------------------------------------------------------------
3
Table II Derivative Securities Beneficially Owned
(Puts, Calls, Warrants, Options, Convertible Securities)
-----------------------------------------------------------------------------------------------------------------------------------
1 2 3 4 5 6
Title of Date Exer- Title & Amount Conver- Own- Nature
Derivative cisable and of Securities sion or ership: of Indirect
Security Expiration Underlying Exercise Form of Beneficial
(Instr.4) Date Derivative Price of Deriv- Ownership
(M/D/Y) Security Derivative ative (Instr.5)
(Instr.4) Security Security:
Direct
(D) or
Amount or Indirect
Date Expira- Number (I)
Exer- tion of (Instr.5)
cisable Date Title Shares
-----------------------------------------------------------------------------------------------------------------------------------
Option (Right to Buy) 12/13/06 Common Stock 15000 $21.00 D
Option (Right to Buy) 4/17/08 Common Stock 5000 $35.25 D
Option (Right to Buy) 7/15/09 Common Stock 20000 $36.00 D
Option (Right to Buy) 7/28/10 Common Stock 20000 $32.25 D
-----------------------------------------------------------------------------------------------------------------------------------
/s/ Robert J. Stone April 25, 2003
------------------------------------------------------------ ------------------
Signature of Reporting Person Date
4
NOTES
-----
Holdings within the Franklin Electric Directed Investment Salary Plan
("401k Plan") Trust. The information reported herein is based on a
plan statement reporting April 25, 2003 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 March 31, 2003.
Option grant under the Franklin Electric Co., Inc. 1996 Employee Stock
Option Plan. The reported securities vested on a schedule of 1/5 per
year beginning on 12/13/97.
Option grant under the Franklin Electric Co., Inc. 1996 Employee Stock
Option Plan. The reported securities vested on a schedule of 1/5 per
Year beginning on 4/17/99.
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 7/15/00.
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 7/28/01.
1
5