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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1505823	Franklin Financial Corp	FRNK	Savings Institution, Federally Chartered (6035)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1068071	A Warren Mackey	4501 Cox Road Glen Allen VA 23060		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2013-06-14	13,000	$18.45	1,097,536	No	4	S	Indirect	By limited partnerships

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By limited partnerships

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,000	Direct
Common Stock	12,000	Indirect	Restricted Stock

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$13.42		2022-03-29	37,000	37,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-03-29	37,000	37,000	Direct

Footnotes

Shares are benefically owned in the aggregate by Homestead Partners LP, Homestead Odyssey Partners LP and Arles Partners LP. Arles Advisors Inc in its capacity as general partner to the three limited partnerships, may also be deemed to be the beneficial owner of such shares. The reporting person is the President and sole shareholder of Arles Advisors Inc.
Since the reporting person's last report 3,000 shares previously held indirectly by restricted stock have vested and are now owned directly.
Shares vest at a rate of 20% annually beginning on March 29, 2013, in each case, subject to the achievement of certain performance metrics over an October 1 to September 30 annual performance period. Any portion of an award not vested in prior years may vest on a later vesting date during the performance period if, as of such date, the Issuer has met the specified performance target. Any shares not vested after the fifth vesting date will be forfeited.
Stock options vest in five equal annual installments beginning on March 29, 2013, the first anniversary of the date of the grant.