3 1 rform3_crose.txt INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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* ------------------------------------ Daniel J. Crose 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 258 I 401k Common Stock 209 I ESOP -----------------------------------------------------------------------------------------------------------
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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) 11/1/11 Common Stock 10000 $38.795 D Option (Right to Buy) 12/13/12 Common Stock 15000 $48.150 D ----------------------------------------------------------------------------------------------------------------------------------- /s/ By: Daniel J. Crose 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 vest on a schedule of 1/5 per year beginning on 11/1/02. 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 12/13/03.
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