SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Stephens Pamela J.

(Last)

(First)

(Middle)

722 COLUMBIA AVENUE

(Street)

FRANKLIN

37064

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/25/2015

3. Issuer Name and Ticker or Trading Symbol
Franklin Financial Network Inc. [ FSB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,908	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	⁽¹⁾	07/22/2020	Common Stock	450	$10	D
Stock Option (right to buy)	⁽²⁾	06/02/2021	Common Stock	900	$10.5	D
Stock Option (right to buy)	⁽³⁾	06/01/2022	Common Stock	2,175	$12	D
Stock Option (right to buy)	⁽⁴⁾	05/31/2023	Common Stock	2,475	$13	D
Stock Option (right to buy)	⁽⁵⁾	06/01/2024	Common Stock	3,300	$13.5	D
Warrant to Purchase Common Stock	03/20/2010	03/30/2007	Common Stock	125	$12	D

Explanation of Responses:

1. The option became exercisable as to 90 shares on July 22, 2011; 90 shares on July 22, 2012; 90 shares on July 22, 2013; 90 shares on July 22, 2014; and becomes exercisable as to 90 shares on July 22, 2015.

2. The option became exercisable as to 180 shares on June 2, 2012; 180 shares on June 2, 2013; 180 shares on June 2, 2014; and becomes exercisable as to 180 shares on June 2, 2015 and 180 shares on June 2, 2016.

3. The option became exercisable as to 435 shares on June 1, 2013; 435 shares on June 1, 2014; and becomes exercisable as to 435 shares on June 1, 2015, 435 shares on June 1, 2016 and 435 shares on June 1, 2017.

4. The option became exercisable as to 495 shares on May 31, 2014; and becomes exercisable as to 495 shares on May 31, 2015, 495 shares on May 31, 2016, 495 shares on May 31, 2017 and 495 shares on May 31, 2018.

5. The option becomes exercisable as to 660 shares on June 1, 2015, 660 shares on June 1, 2016, 660 shares on June 1, 2017, 660 shares on June 1, 2018 and 660 shares on June 1, 2019.

Remarks:

	/s/ Lori Metrock, Attorney-in-Fact	03/25/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.