<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Franklin Electric Company, Inc.
-----------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
353514 10 2
-----------
(CUSIP Number)
Check the following if a fee is being paid with this statement [_]. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent of such class.) (See
Rule 13d-7.)
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP NO. 353514 10 2 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Corporation
Tax Identification No. 41-0449260
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
*
BENEFICIALLY -----------------------------------------------------------
SHARED VOTING POWER
OWNED BY 6
*
EACH -----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
REPORTING
*
PERSON 8 -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH
*
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
*
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
*Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
2
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CUSIP NO. 353514 10 2 13G
- --------------------------------------------------------------------------------
1 NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Indiana, Inc.
Tax Identification No. 35-1161894
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES *
------------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY *
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING *
------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH *
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
*
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
*Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
3
<PAGE>
CUSIP NO. 353514 10 2 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norwest Bank Fort Wayne, National Association
Tax Identification No. 35-1161897
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP* (A) ______
(B) ______
- --------------------------------------------------------------------------------
SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES *
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY *
7 ------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING *
8 ------------------------------------------------------------
PERSON SHARED DISPOSITIVE POWER
WITH *
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
*
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
*Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BK
- --------------------------------------------------------------------------------
4
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Item 1(a) Name of Issuer:
- --------- --------------
Franklin Electric Company, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
400 E. Spring St.
Bluffton, IN 46714
Item 2(a) Name of Person Filing:
- --------- ---------------------
1. Norwest Corporation
2. Norwest Indiana, Inc. ("NII")
3. Norwest Bank Fort Wayne, National Association ("NBFW")
This statement is filed by Norwest Corporation on behalf of
all of the persons listed above pursuant to Rule 13d-1(b).
Attached is an agreement among the persons listed above to
that effect. NII is a direct subsidiary of Norwest
Corporation. NBFW is a direct subsidiary of NII and an
indirect subsidiary of Norwest Corporation.
5
<PAGE>
Item 2(b) Address of Principal Business Office(s):
- --------- ---------------------------------------
1. Norwest Corporation
Norwest Center
Sixth and Marquette
Minneapolis, MN 55479-1000
2. Norwest Indiana, Inc.
P.O. Box 960
Fort Wayne, IN 46801-6616
3. Norwest Bank Fort Wayne, National Association
P.O. Box 960
Fort Wayne, IN 46801-6616
Item 2(c) Citizenship:
- --------- -----------
1. Norwest Corporation is a Delaware corporation.
2. NII is an Indiana corporation.
3. NBFW is a national banking association.
Item 2(d) Title of Class of Securities:
- --------- ----------------------------
Common Stock
Item 2(e) CUSIP Number:
- --------- ------------
353514 10 2
Item 3 Type of Person:
- ------ --------------
(g) Parent holding company for Norwest Corporation
(g) Parent holding company for NII
(b) Bank for NBFW
Item 4 Ownership:
- ------ ---------
1. Norwest Corporation
(a) Amount Beneficially Owned. At December 31, 1993, Norwest
Corporation was deemed to own, indirectly through subsidiaries,
less than 5% of the outstanding common stock and had no other
rights to acquire additional shares through the exercise of
options or otherwise.
6
<PAGE>
2. NII
(a) Amount Beneficially Owned. At December 31, 1993, NII was deemed
to own, indirectly through its subsidiary NBFW, less than 5% of the
outstanding common stock and had no other rights to acquire
additional shares through the exercise of options or otherwise.
3. NBFW
(a) Amount Beneficially Owned. At December 31, 1993, NBFW was deemed
to own less than 5% of the outstanding common stock and had no other
rights to acquire additional shares through the exercise of options or
otherwise.
The persons filing disclaim beneficial ownership of, and the filing of
this statement shall not be construed as an admission that the persons
filing are beneficial owners of, the shares covered by this statement
for purposes of Sections 13, 14, or 16 of the Act.
Item 5 Ownership of Five Percent or Less of Class:
- ------ ------------------------------------------
If this statement is being filed to report the fact that as of the
date hereof the reporting persons have ceased to be the beneficial
owners of more than five per cent of the class of securities, check
the following [X].
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
- ------ ---------------------------------------------------------------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
- ------ ------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company:
------------------------------------------------------------
See Exhibit A
Item 8 Identification and Classification of Members of the Group:
- ------ ---------------------------------------------------------
Not Applicable
Item 9 Notice of Dissolution of Group:
- ------ ------------------------------
Not Applicable
7
<PAGE>
Item 10 Certification:
- ------- -------------
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Signature:
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete, and correct.
Dated: March 11, 1994
NORWEST CORPORATION
By /s/ Laurel A. Holschuh
----------------------
Laurel A. Holschuh, Senior Vice President
and Secretary
8
<PAGE>
EXHIBIT A
---------
(Attached to and forming a part of Schedule 13G filed by Norwest Corporation on
its own behalf and on behalf of Norwest Indiana, Inc. and Norwest Bank
Fort Wayne, National Association regarding Franklin Electric Company, Inc.
Common Stock.)
Item 7
- ------
(a) Norwest Bank Fort Wayne, National Association is a bank - Item 3(b)
(b) Norwest Indiana, Inc. is a parent holding company - Item 3(g)
9
