Ownership Submission
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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Cekovich Ronald L
  2. Issuer Name and Ticker or Trading Symbol
FRANKLIN FINANCIAL SERVICES CORP /PA/ [FRAF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP
(Last)
(First)
(Middle)
20 S MAIN STREET, PO BOX 6010
3. Date of Earliest Transaction (Month/Day/Year)
12/29/2011
(Street)

CHAMBERSBURG, PA 17201
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Franklin Financial Services Corp - Common Stock 12/29/2011   P V 4 (1) A $ 12.5 876 D  
Franklin Financial Services Corp - Common Stock 01/12/2012   P V 3 (1) A $ 13.41 879 D  
Franklin Financial Services Corp - Common Stock 01/26/2012   P V 3 (1) A $ 14.9 883 D  
Franklin Financial Services Corp - Common Stock 02/09/2012   P V 3 (1) A $ 14.73 886 D  
Franklin Financial Services Corp - Common Stock 02/23/2012   P V 3 (1) A $ 15.15 905 (2) D  
Franklin Financial Services Corp - Common Stock 03/08/2012   P V 3 (1) A $ 14.12 908 D  
Franklin Financial Services Corp - Common Stock 03/22/2012   P V 6 (1) A $ 15.73 914 D  
Franklin Financial Services Corp - Common Stock 04/12/2012   P V 6 (1) A $ 15.53 921 D  
Franklin Financial Services Corp - Common Stock 04/26/2012   P V 6 (1) A $ 14.45 928 D  
Franklin Financial Services Corp - Common Stock 05/10/2012   P V 7 (1) A $ 13.33 935 D  
Franklin Financial Services Corp - Common Stock 05/24/2012   P V 7 (1) A $ 13.38 955 (3) D  
Franklin Financial Services Corp - Common Stock 06/14/2012   P V 7 (1) A $ 13.43 962 D  

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Franklin Financial Services Corp - Common Stock $ 16.75 07/10/2012   E V   322 07/01/2011 06/30/2012 Franklin Financial - ESPP 322 $ 16.75 11,805 D  
Franklin Financial Services Corp - Common Stock $ 12.64 07/10/2012   A V 444   07/01/2012 06/30/2013 Franklin Financial - ESPP 444 $ 12.64 12,249 D  
Franklin Financial Services Corp - Common Stock $ 20 07/10/2012   E V   1,875 04/23/2002 04/23/2012 Franklin Financial - ISOP 1,875 $ 20 10,374 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cekovich Ronald L
20 S MAIN STREET
PO BOX 6010
CHAMBERSBURG, PA 17201
      SVP  

Signatures

 Ronald L. Cekovich by Catherine C. Angle, Corporate Secretary   07/10/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares purchased through Franklin Financial's Stock Purchase Program. Fractional shares are included in total
(2) Includes 15.2833 shares purchased through Franklin Financial's Dividend Reinvestment Program on 2/24/12.
(3) Includes 12.0650 shares purchased through Franklin's Dividend Reinvestment Program on 5/24/12.

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