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

1. Name and Address of Reporting Person *

Waldron Greg		 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/YYYY)

8/13/2020
(Street)

FRANKLIN, TN 37064
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 8/13/2020  M  2000 A$22.94 21719 D  
Common stock 8/13/2020  M  1600 A$22.35 23319 D  
Common stock         63459 I By SEP IRA 
Common stock         2771 I By spouse 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock options (right to buy) $22.94 8/13/2020  M     2000   (1)7/1/2025 Common stock 2000 $0 0 D  
Stock options (right to buy) $22.35 8/13/2020  M     1600   (2)10/1/2025 Common stock 1600 $0 400 D  
Explanation of Responses:
(1) 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.
(2) 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.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Waldron Greg
722 COLUMBIA AVENUE
FRANKLIN, TN 37064		X
Signatures
/s/ Mandy Garland pursuant to a power of attorney8/17/2020
**Signature of Reporting PersonDate
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