FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed 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

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(Print or Type Responses)

1. Name and Address of Reporting Person * Cekovich Ronald L   2. Issuer Name and Ticker or Trading Symbol FRANKLIN FINANCIAL SERVICES CORP /PA/ [FRAF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP (Last) (First) (Middle) 20 S MAIN STREET, PO BOX 6010 3. Date of Earliest Transaction (Month/Day/Year) 12/29/2011 (Street) CHAMBERSBURG, PA 17201 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Franklin Financial Services Corp - Common Stock 12/29/2011   P V 4 (1) A $ 12.5 876 D   Franklin Financial Services Corp - Common Stock 01/12/2012   P V 3 (1) A $ 13.41 879 D   Franklin Financial Services Corp - Common Stock 01/26/2012   P V 3 (1) A $ 14.9 883 D   Franklin Financial Services Corp - Common Stock 02/09/2012   P V 3 (1) A $ 14.73 886 D   Franklin Financial Services Corp - Common Stock 02/23/2012   P V 3 (1) A $ 15.15 905 (2) D   Franklin Financial Services Corp - Common Stock 03/08/2012   P V 3 (1) A $ 14.12 908 D   Franklin Financial Services Corp - Common Stock 03/22/2012   P V 6 (1) A $ 15.73 914 D   Franklin Financial Services Corp - Common Stock 04/12/2012   P V 6 (1) A $ 15.53 921 D   Franklin Financial Services Corp - Common Stock 04/26/2012   P V 6 (1) A $ 14.45 928 D   Franklin Financial Services Corp - Common Stock 05/10/2012   P V 7 (1) A $ 13.33 935 D   Franklin Financial Services Corp - Common Stock 05/24/2012   P V 7 (1) A $ 13.38 955 (3) D   Franklin Financial Services Corp - Common Stock 06/14/2012   P V 7 (1) A $ 13.43 962 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Franklin Financial Services Corp - Common Stock

$ 16.75

07/10/2012

E

V

322

07/01/2011

06/30/2012

Franklin Financial - ESPP

322

$ 16.75

11,805

D

Franklin Financial Services Corp - Common Stock

$ 12.64

07/10/2012

A

V

444

07/01/2012

06/30/2013

Franklin Financial - ESPP

444

$ 12.64

12,249

D

Franklin Financial Services Corp - Common Stock

$ 20

07/10/2012

E

V

1,875

04/23/2002

04/23/2012

Franklin Financial - ISOP

1,875

$ 20

10,374

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cekovich Ronald L 20 S MAIN STREET PO BOX 6010 CHAMBERSBURG, PA 17201			SVP

Signatures

Ronald L. Cekovich by Catherine C. Angle, Corporate Secretary		07/10/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Shares purchased through Franklin Financial's Stock Purchase Program. Fractional shares are included in total
(2)	Includes 15.2833 shares purchased through Franklin Financial's Dividend Reinvestment Program on 2/24/12.
(3)	Includes 12.0650 shares purchased through Franklin's Dividend Reinvestment Program on 5/24/12.

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