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 * TRUMBULL R SCOTT   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) Chairman & CEO (Last) (First) (Middle) FRANKLIN ELECTRIC CO., INC., 400 E SPRING STREET 3. Date of Earliest Transaction (Month/Day/Year) 08/14/2008 (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               16,100 (1) D   common stock               739.231 I 401 (K) (2) common stock               732.674 I ESOP (3) common stock               116,870 D   common stock 08/14/2008   M   90,000 A $ 24.005 206,870 D   common stock 08/14/2008   S   13,112 D $ 46.041 193,758 D   common stock 08/15/2008   S   21,876 D $ 46 171,882 D   common stock 08/18/2008   S   8,100 D $ 46.1142 163,782 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

$ 24.9755

(4)

04/19/2012

common stock

20,000

20,000

D

option

$ 24.005

08/14/2008

M

90,000

(5)

01/01/2013

common stock

80,430

$ 24.005

100,430

D

option

$ 29.95

(5)

02/13/2014

common stock

60,800

161,230

D

option

$ 40.93

(6)

02/10/2008

common stock

30,200

191,430

D

option

$ 45.9

(6)

02/17/2008

common stock

18,500

209,930

D

option

$ 48.87

(6)

02/09/2017

common stock

14,500

224,430

D

option

$ 32.19

(6)

02/28/2018

common stock

57,300

281,730

D

option

(7)

(7)

(7)

common stock

5.92

1,870.42

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TRUMBULL R SCOTT FRANKLIN ELECTRIC CO., INC. 400 E SPRING STREET BLUFFTON, IN 46714			Chairman & CEO

Signatures

R. Scott Trumbull		08/18/2008
**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)	The shares vest at the end of four years subject to the performance of certain goals. If these goals are not attained, the shares will be forfeited.
(2)	Holdings within the Franklin Electric Directed Investment Salary Plan Trust. The information reported herein is based on a plan statement reporting December 31, 2007 holdings under the Franklin Electric Directed Investment Salary Plan.
(3)	Allocation of shares under the Franklin Electric Co., Inc. Employee Stock Ownership Plan Trust. The information reported herein was provided by the trustee for holdings as of December 31, 2007.
(4)	The options become exercisable in three equal installments of 1/3 each year, beginning on the first anniversary of the grant date.
(5)	The options become exercisable in five equal installments of 1/5 each year, beginning on the first anniversary of the grant date.
(6)	The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.
(7)	Pursuant to terms of the Nonemployee Directors' Deferred Compensation Plan approved by the board of directors on February 11, 2000 and amended and restated on April 28, 2006, Mr. Trumbull elected to receive his 2000 board of directors retainer in Franklin Electric Co., Inc. common stock, issuance of such shares deferred until he retires or otherwise leaves the board of directors (e.g. Stock Units). On May 22, 2008, Mr. Trumbull was credited with 5.92 Stock Units for dividends that would have been paid on such deferred shares. At distribution, Mr. Trumbull may elect pursuant to the terms of the Plan to receive his deferred compensation either in shares of Franklin common stock or in cash.

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