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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Patricia Schaefer
5400 West Deer Run Court
Muncie, Indiana 47304
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 954042 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
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/s/ By: Gregg C. Sengstack, Power of Attorney for Patricia Schaefer 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.
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