- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2013-06-17 15:00:52
- Reporting Period:
- Filing Date:
- Accepted Time:
- 2013-06-17 15:00:52
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1505823||Franklin Financial Corp||FRNK||Savings Institution, Federally Chartered (6035)||000000000|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1068071||A Warren Mackey||4501 Cox Road |
Glen Allen VA 23060
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Common Stock||Disposition||2013-06-14||13,000||$18.45||1,097,536||No||4||S||Indirect||By limited partnerships|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|No||4||S||Indirect||By limited partnerships|
Reported Non-Derivative Holdings
|Sec. Name||Remaning Holdings||Nature of Ownership||Explanation|
|Common Stock||12,000||Indirect||Restricted Stock|
Reported Derivative Holdings
|Sec. Name||Sec. Type||Price||Date||Expiration Date||Amount||Remaning Holdings||Nature of Ownership|
|Common Stock||Stock Option (Right to Buy)||$13.42||2022-03-29||37,000||37,000||Direct|
|Expiration Date||Amount||Remaning Holdings||Nature of Ownership|
- Shares are benefically owned in the aggregate by Homestead Partners LP, Homestead Odyssey Partners LP and Arles Partners LP. Arles Advisors Inc in its capacity as general partner to the three limited partnerships, may also be deemed to be the beneficial owner of such shares. The reporting person is the President and sole shareholder of Arles Advisors Inc.
- Since the reporting person's last report 3,000 shares previously held indirectly by restricted stock have vested and are now owned directly.
- Shares vest at a rate of 20% annually beginning on March 29, 2013, in each case, subject to the achievement of certain performance metrics over an October 1 to September 30 annual performance period. Any portion of an award not vested in prior years may vest on a later vesting date during the performance period if, as of such date, the Issuer has met the specified performance target. Any shares not vested after the fifth vesting date will be forfeited.
- Stock options vest in five equal annual installments beginning on March 29, 2013, the first anniversary of the date of the grant.