Terry R. Howell Form 3 Franklin Financial Network / Terry R. Howell 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^*

Howell Terry R.

(Last) (First) (Middle)

722 COLUMBIA AVENUE

(Street)

FRANKLIN TN 37064

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/08/2019

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)
Interim Chief Operating 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	1,362	D
common stock	369	I	by 401(k)

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)	(1)	06/30/2026	Common Stock	2,500	31.36	D
Employee Stock Option (right to buy)	(2)	04/14/2027	Common Stock	2,974	37.35	D
Employee Stock Option (right to buy)	(3)	04/16/2028	Common Stock	6,592	32.95	D

Explanation of Responses:

1. The option became exercisable as to 500 shares on 6/30/17, 500 shares on 6/30/18, and becomes exercisable as to 500 shares on 6/30/19, 500 shares on 6/30/20, and 500 shares on 6/30/21.

2. The option became exercisable as to 991 shares as of 4/14/18 and becomes exercisable as to 991 shares as of 4/14/19 and 992 shares as of 4/18/20.

3. The option becomes exercisable as of 2197 shares as of 4/16/19, 2197 shares as of 4/16/20, and 2198 shares as of 4/16/21.

Remarks:

Exhibit List Exhibit 24.1 - Power of Attorney

	/s/ Mandy Garland, pursuant to a power of attorney	03/18/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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