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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1. Name and Address of Reporting Person * MASKE PETER C   2. Issuer Name and Ticker or Trading Symbol FRANKLIN ELECTRIC CO INC [fele] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Vice Presiden (Last) (First) (Middle) FRANKLIN ELECTRIC CO INC, 400 EAST SPRING ST 3. Date of Earliest Transaction (Month/Day/Year) 01/01/2011 (Street) BLUFFTON, IN 46714 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 common stock               2,481 (1) I 401(K) common stock 01/01/2011   M   3,965 (2) A $ 38.92 89,289 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

option

$ 29.95

(3)

07/01/2011

common stock

9,600

9,600

D

common stock

$ 40.93

(3)

01/01/2014

common stock

6,750

16,350

D

common stock

$ 45.9

(3)

01/01/2014

common stock

3,900

20,250

D

common stock

$ 48.87

(3)

01/01/2014

common stock

3,600

23,850

D

common stock

$ 32.19

(3)

01/01/2014

common stock

15,300

39,150

D

common stock

$ 17.34

(3)

01/01/2014

common stock

31,724

70,874

D

common stock

$ 28.82

(3)

01/01/2014

common stock

4,600

75,474

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MASKE PETER C FRANKLIN ELECTRIC CO INC 400 EAST SPRING ST BLUFFTON, IN 46714			Sr. Vice Presiden

Signatures

Angela M. Hughes, power of attorney for Peter C. Maske		01/11/2011
**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)	Holdings within the Franklin Electric Co., Inc. Directed Investment Salary Plan Trust. The ESOP plan was dissolved in 2010. All equivalent shares were transferred to the Directed Investment Salary Plan. The information reported herein is based on a plan statement as of December 31, 2010.
(2)	1400 restricted awards vesting 2/17/2010 2252 restricted awards with pro rata vest retirement 1/1/2011 (48 shares cancelled) 313 restriced awardss with pro rata vest retirement 1/1/2011 (1187 shares cancelled)
(3)	Shares are fully exercisable.

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