Franklin Financial Network (FSB) Form 3 Franklin Financial Network / Julian L. Bibb III ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bibb Julian L. III

(Last) (First) (Middle)

722 COLUMBIA AVENUE

(Street)

FRANKLIN TN 37064

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2020

3. Issuer Name and Ticker or Trading Symbol
Franklin Financial Network Inc. [ FSB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Gen Counsel & Chief HR Ofcr

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock	3,302(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option (right to buy)	(2)	04/16/2028	Common stock	2,500	32.95	D

Explanation of Responses:

1. The shares reported represent an unfunded promise to deliver common stock to the reporting person upon vesting. Approximately 1,830 shares reported are subject to time-based vesting conditions and will vest in equal, one-third increments on April 15, 2020; April 15, 2021; and April 15, 2022. Approximately 1,472 shares reported are subject to time-based vesting conditions and will vest in equal, one-third increments on January 16, 2021; January 16, 2022; and January 16, 2023.

2. The option became exercisable as to 834 shares on April 16, 2019 and becomes exercisable as to 833 shares on April 16, 2020 and 833 shares on April 16, 2021.

Remarks:

Exhibit List Exhibit 24 Power of Attorney

	/s/ Mandy Garland per power of attorney	04/10/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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