4 1 rschneider_042503.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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* ------------------------------------ Donald J. Schneider Schneider National, Inc. P.O. Box 2545 Green Bay, Wisconsin 54306 Issuer Name and Ticker or Trading Symbol ---------------------------------------- Franklin Electric Co., Inc. (FELE) IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------- Statement for Month/Day/Year ---------------------------- 4/25/03 If Amendment, Date of Original (Month/Day/Year) ----------------------------------------------- Relationship of Reporting Person(s) to Issuer (Check all Applicable) -------------------- X Director 10% Owner ----- ----- 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 2A 3 4 5 6 7 Title of Tran Deemed Transaction Securities Amount of Ownership: Nature of Security Date Exec Code Acquired (A) Securities Form: Dir Indirect (Instr 3) (M/D/Y) Date, (Instr 8) or Disposed Of(D) Benficially (D) or Beneficial if (Instr 3,4,5) Owned follow Indirect (I) Ownership any Report Trans (Instr 4) (Instr 4) (M/D/Y) (Instr 3 & 4) Code V Amount A or D Price ----------------------------------------------------------------------------------------------------------- Common St 73042 D -----------------------------------------------------------------------------------------------------------
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Table II Derivative Securities Acquired, Disposed Of, or Beneficially Owned (Puts, Calls, Warrants, Options, Convertible Securities) ----------------------------------------------------------------------------------------------------------------------------------- 1 2 3 3A 4 5 6 7 8 9 10 11 Title Conver- Trans- Deem Trans- Number Date Title & Price Number Own- Nature of sion or action Exec action of Deri- Exer- Amount of of of Der- ership: of Indir Deriv- Exercise Date Date, Code vative cisable Under- Deriv- ivative Form of Benefic ative Price of (M/D/Y) if (Ins 8) Securi- & Expir- lying ative Securi- Dir Sec Ownershp Secur- Deriva- any ties ation Securities Secur- ties Direct (Inst 4) ity tive (M/D/Y) Acquired Date (Instr 3 & 4) ity Benef (D) or (Ins 3) Security (A) or (M/D/Y) (Ins 5) Owned Indirect Disposed of follow (I) (D) Rep Tran (Ins 4) (Ins 3,4,5) (Ins 4) Num Date Expir of Code V (A) (D) Exer Date Title Shrs ----------------------------------------------------------------------------------------------------------------------------------- Option (Right to Buy) 50.45 4/25/03 A 4000 4/25/13 C Stock 4000 50.45 46000 D Stock Units 1 for 1 4/25/03 A 701 C Stock 701 1401 D ----------------------------------------------------------------------------------------------------------------------------------- /s/ By: Gregg C. Sengstack, Power of Attorney for Donald J. Schneider April 25, 2003 --------------------------------------------------------------------- ------------------ Signature of Reporting Person Date 4 NOTES ----- Option grant under the Franklin Electric Co., Inc. Stock Option Plan. The reported securities vest on a schedule of 1/3 per year beginning on 4/25/04. Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the board of directors on February 11, 2000, Mr. Schneider elected to receive his 2002 and 2003 board of directors retainers of $35,000 in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the board of directors (e.g. Stock Units). On April 25, 2003, Mr. Schneider was also credited with 8 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Schneider may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.
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