SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Jones J. Myers III

(Last)

(First)

(Middle)

722 COLUMBIA AVE.

(Street)

FRANKLIN

37064

(City)

(State)

(Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2020

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	08/10/2020		M		8,735	A	$10.5	46,741	D
Common stock	08/10/2020		M		14,282	A	$12	61,023	D
Common stock	08/10/2020		M		6,498	A	$13.5	67,521	D
Common stock								2,000	I	by spouse
Common stock								3,986⁽¹⁾	I	by 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option (right to buy)	$10.5	08/10/2020		M			8,735	⁽²⁾	06/02/2021	Common stock	8,735	$0	0	D
Stock option (right to buy)	$12	08/10/2020		M			14,282	⁽³⁾	06/01/2022	Common stock	14,282	$0	0	D
Stock option (right to buy)	$13.5	08/10/2020		M			6,498	⁽⁴⁾	04/15/2024	Common stock	6,498	$0	0	D

Explanation of Responses:

1. Per a plan statement dated August 10, 2020.

2. The option became exercisable as to 1,747 shares as of June 2, 2012; 1,747 shares as of June 2, 2013;1,747 shares as of June 2, 2014; 1,747 shares as of June 2, 2015; and 1,747 shares as of June 2, 2016.

3. The option became exercisable as of 2,857 shares on June 1, 2013; 2,856 shares on June 1, 2014; 2,857 shares on June 1, 2015; 2,856 shares on June 1, 2016; and 2,856 shares on June 1, 2017.

4. The option became exercisable as to 1,300 shares on April 15, 2015; 1300 shares on April 15, 2016; 1300 shares on April 15, 2017; 1,299 shares on April 15, 2018; and 1,299 shares on April 15, 2019.

	/s/ Mandy Garland, pursuant to a power of attorney	08/12/2020
	** 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 4 (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).
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