Sec Form 4 Filing - CROSS JAMES W IV @ Franklin Financial Network Inc. - 2020-08-13

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 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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1. Name and Address of Reporting Person CROSS JAMES W IV 2. Issuer Name and Ticker or Trading Symbol Franklin Financial Network Inc. [ FSB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 722 COLUMBIA AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 08/13/2020 (Street) FRANKLIN, TN37064 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/13/2020 M 495 A $ 13 29,958 D Common stock 08/13/2020 M 1,320 A $ 13.5 31,278 D Common stock 08/13/2020 M 9,000 A $ 20.69 40,278 D Common stock 08/13/2020 M 2,000 A $ 22.94 42,278 D Common stock 08/13/2020 M 1,600 A $ 22.35 43,878 D Common stock 08/13/2020 M 1,600 A $ 31.38 45,478 D Common stock 08/13/2020 M 2,000 A $ 27 47,478 D Common stock 08/13/2020 M 2,000 A $ 31.36 49,478 D Common stock 08/13/2020 M 1,000 A $ 27.72 50,478 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Stock options (right to buy) $ 13 08/13/2020 M 495 ( 1 ) 05/31/2023 Common stock 495 $ 0 0 D Stock options (right to buy) $ 13.5 08/13/2020 M 1,320 ( 2 ) 06/01/2024 Common stock 1,320 $ 0 0 D Stock options (right to buy) $ 20.69 08/13/2020 M 9,000 ( 3 ) 04/30/2025 Common stock 9,000 $ 0 0 D Stock options (right to buy) $ 22.94 08/13/2020 M 2,000 ( 4 ) 07/01/2025 Common stock 2,000 $ 0 0 D Stock options (right to buy) $ 22.35 08/13/2020 M 1,600 ( 5 ) 10/01/2025 Common stock 1,600 $ 0 400 D Stock options (right to buy) $ 31.38 08/13/2020 M 1,600 ( 6 ) 01/01/2026 Common stock 1,600 $ 0 400 D Stock options (right to buy) $ 27 08/13/2020 M 2,000 ( 7 ) 04/01/2026 Common stock 2,000 $ 0 500 D Stock options (right to buy) $ 31.36 08/13/2020 M 2,000 ( 8 ) 07/01/2026 Common stock 2,000 $ 0 500 D Stock options (right to buy) $ 27.72 08/13/2020 M 1,000 ( 9 ) 01/15/2029 Common stock 1,000 $ 0 2,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CROSS JAMES W IV 722 COLUMBIA AVENUE FRANKLIN, TN37064 X Signatures /s/ Mandy Garland pursuant to a power of attorney 08/17/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The option became exercisable as to 495 shares on May 31, 2014; 495 shares on May 31, 2015; 495 shares on May 31, 2016; 495 shares on May 31, 2016; and 495 shares on May 31, 2017. ( 2 )The option became exercisable as to 660 options on June 1, 2015; 660 options on June 1, 2016; 660 options on June 1, 2017; 660 options on June 1, 2018; and 660 options on June 1, 2019. ( 3 )The option became exercisable as to 1,800 options on April 30, 2016; 1,800 options on April 30, 2017; 1,800 options on April 30, 2018; 1,800 options on April 30, 2019; and 1,800 options on April 30, 2020. ( 4 )The option became exercisable as to 400 shares on July 1, 2016; 400 shares on July 1, 2017; 400 shares on July 1, 2018; 400 shares on July 1, 2019; and 400 shares on July 1, 2020. ( 5 )The option became exercisable as to 400 shares on October 1, 2016; 400 shares on October 1, 2017; 400 shares on October 1, 2018, and 400 shares on October 1, 2019; and becomes exercisable as to 400 shares on October 1, 2020. ( 6 )The option became exercisable as to 400 shares on January 1, 2017; 400 shares on January 1, 2018; 400 shares on January 1, 2019; 400 shares on January 2020; and becomes exercisable as to 400 shares on January 1, 2021. ( 7 )The option became exercisable as to 500 shares on April 1, 2017; 500 shares on April 1, 2018; 500 shares on April 1, 2019; 500 shares on April 1, 2020; and becomes exercisable as to 500 shares on April 1, 2021. ( 8 )The option became exercisable as to 500 shares on July 1, 2017; 500 shares on July 1, 2018; 500 shares on July 1, 2019; 500 shares on July 1, 2020; and becomes exercisable as to 500 shares on July 1, 2021. ( 9 )The option became exercisable as to 1,000 shares on January 15, 2020; and becomes exercisable as to 1,000 shares on January 15, 2021; and 1,000 shares on January 15, 2022.

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