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* ------------------------------------ R. Scott Trumbull 400 E Spring Street Bluffton, Indiana 46714 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 ----- ----- X Officer (Chairman of Board, CEO) 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 2400 D ----------------------------------------------------------------------------------------------------------- 3 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)48.01 4/25/03 A 200000 1/1/13 C Stock 200000 48.01 230000 D Stock Units 1 for 1 4/25/03 A 8 C Stock 8 890 D ----------------------------------------------------------------------------------------------------------------------------------- /s/ By: Gregg C. Sengstack, Power of Attorney for R. Scott Trumbull April 25, 2003 ------------------------------------------------------------------- ------------------ Signature of Reporting Person Date 4 NOTES ----- 1 5Option grant under the Franklin Electric Co., Inc. Stock Option Plan. The reported securities vest on a schedule of 1/5 per year beginning on 1/1/04. Previously reported Stock Units representing deferred shares to be received by Mr. Trumbull for board compensation under terms of the Nonemployee Directors' Deferred Compensation Plan. On April 25, 2003, Mr. Turmbull was credited 8 Stock Units for dividends that would have been paid on such deferred shares.