FORM 4
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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[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*
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Donald J. Schneider
Schneider National, Inc.
P.O. Box 2545
Green Bay, Wisconsin 54306
Issuer Name and Ticker or Trading Symbol
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Franklin Electric Co., Inc. (FELE)
IRS or Social Security Number of Reporting Person (Voluntary)
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Statement for Month/Day/Year
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4/25/03
If Amendment, Date of Original (Month/Day/Year)
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Relationship of Reporting Person(s) to Issuer
(Check all Applicable)
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X Director 10% Owner
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Officer (Give Title Below) Other (Specify Below)
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Individual or Joint/Group Filing
(Check Applicable Line)
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X Filed by One Reporting Person
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Filed by More Than One Reporting Person
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Table I Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
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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
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Common St 73042 D
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Table II Derivative Securities Acquired, Disposed Of, or Beneficially Owned
(Puts, Calls, Warrants, Options, Convertible Securities)
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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
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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
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/s/ By: Gregg C. Sengstack, Power of Attorney for Donald J. Schneider April 25, 2003
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Signature of Reporting Person Date
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NOTES
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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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