<SEC-DOCUMENT>0001062993-17-000970.txt : 20170214
<SEC-HEADER>0001062993-17-000970.hdr.sgml : 20170214
<ACCEPTANCE-DATETIME>20170214165717
ACCESSION NUMBER:		0001062993-17-000970
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170214
DATE AS OF CHANGE:		20170214
GROUP MEMBERS:		JOHN H. LEWIS
GROUP MEMBERS:		OSMIUM CAPITAL II, LP
GROUP MEMBERS:		OSMIUM CAPITAL, LP
GROUP MEMBERS:		OSMIUM DIAMOND, LP
GROUP MEMBERS:		OSMIUM SPARTAN, LP

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN COVEY CO
		CENTRAL INDEX KEY:			0000886206
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT SERVICES [8741]
		IRS NUMBER:				870401551
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43123
		FILM NUMBER:		17609924

	BUSINESS ADDRESS:	
		STREET 1:		2200 W PARKWAY BLVD
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84119-2331
		BUSINESS PHONE:		8018175030

	MAIL ADDRESS:	
		STREET 1:		2200 W PARKWAY BLVD
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN QUEST CO
		DATE OF NAME CHANGE:	19940218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Osmium Partners, LLC
		CENTRAL INDEX KEY:			0001316729
		IRS NUMBER:				550793716
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		300 DRAKES LANDING ROAD
		STREET 2:		SUITE 172
		CITY:			GREENBRAE
		STATE:			CA
		ZIP:			94904
		BUSINESS PHONE:		(415) 785-4044

	MAIL ADDRESS:	
		STREET 1:		300 DRAKES LANDING ROAD
		STREET 2:		SUITE 172
		CITY:			GREENBRAE
		STATE:			CA
		ZIP:			94904
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>schedule13ga_franklin.htm
<DESCRIPTION>SC 13G/A
<TEXT>
<HTML>
<HEAD>
   <TITLE>Osmium Partners, LLC Form SC 13G/A_Franklin - Filed by newsfilecorp.com</TITLE>
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<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>Washington, D.C.
20549</B></P>
<P align=center><B><FONT size=5>SCHEDULE 13G </FONT></B></P>
<P align=center><B>Under the Securities Exchange Act of 1934
</B><BR><B>(Amendment No. 1)*</B></P>
<P align=center><B><U><FONT size=5>FRANKLIN COVEY CO.
</FONT></U></B><BR><B>(Name of Issuer)</B></P>
<P align=center><B><U>Common Stock, $0.05 par value </U></B><BR><B>(Title of
Class of Securities)</B></P>
<P align=center><B><U>353469109 </U></B><BR><B>(CUSIP Number)</B></P>
<P align=center><B><U>December 31, 2016 </U></B><BR><B>(Date of Event Which
Requires Filing of this Statement)</B></P>
<P align=justify>Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:</P>
<P align=justify>[&nbsp;&nbsp; ] Rule 13d-1(b)</P>
<P align=justify>[X] Rule 13d-1(c)</P>
<P align=justify>[&nbsp;&nbsp; ] Rule 13d-1(d)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >
      <P align=justify>* </P></TD>
    <TD align=left width="95%">
      <P align=justify>The remainder of this cover page shall be filled out for
      a reporting person&#146;s initial filing on this form with respect to the
      subject class of securities, and for any subsequent amendment containing
      information which would alter the disclosures provided in a prior cover
      page. </P></TD></TR></TABLE>
<P align=justify>The information required in the remainder of this cover page
shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the
Securities Exchange Act of 1934 (&#147;Act&#148;) 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). </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=left>1. </TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only). </P>
      <P>John H. Lewis </P></TD></TR>
  <TR vAlign=top>
    <TD align=left>2. </TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>3. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR vAlign=top>
    <TD align=left>4. </TD>
    <TD align=left width="95%" colSpan=3>
      <P>Citizenship or place of organization </P>
      <P>United States </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=right width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>11,316 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>1,323,957<SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>11,316 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power </P>
      <P>1,323,957<SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD align=left>9. </TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>1,335,273 <SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>10. </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=left>11. </TD>
    <TD align=left width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>9.7% </P></TD></TR>
  <TR>
    <TD align=left>12. </TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>IN </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 771,300 shares of Common Stock that  may be acquired pursuant to options held by the reporting persons. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=center>
      <P align=justify>1. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only). </P>
      <P>Osmium Partners, LLC </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>2. </P></TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>3. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>4. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Citizenship or place of organization </P>
      <P>Delaware </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=center width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=center width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>1,323,957<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=center width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=center width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power </P>
      <P>1,323,957<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>9. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>1,323,957 <SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>10. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp;&nbsp; ] </TD></TR>
  <TR>
    <TD>
      <P align=justify>11. </P></TD>
    <TD width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>9.6% </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>12. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>IA, OO </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 771,300 shares of Common Stock that  may be acquired pursuant to options held by the reporting persons. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=center>
      <P align=justify>1. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only).</P>
      <P>Osmium Capital, LP </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>2. </P></TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>3. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>4. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Citizenship or place of organization </P>
      <P>Delaware </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=right width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>561,894<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power </P>
      <P>561,894<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>9. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>561,894 <SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>10. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>11. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>4.1% </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>12. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>PN </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 307,600 shares of Common Stock that  may be acquired pursuant to options held by Osmium Capital, LP. &nbsp;</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=center>
      <P align=justify>1. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only). </P>
      <P>Osmium Capital II, LP </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>2. </P></TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>3. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>4. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Citizenship or place of organization </P>
      <P>Delaware </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=right width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>275,848<SUP>(1)</SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power </P>
      <P>275,848<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>9. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>275,848 <SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>10. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp; &nbsp;] </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>11. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>2.0% </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>12. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>PN </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 156,600 shares of Common Stock that  may be acquired pursuant to options held by Osmium Capital II, LP. &nbsp;</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=center>
      <P align=justify>1. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only). </P>
      <P>Osmium Spartan, LP </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>2. </P></TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp;&nbsp; ] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>3. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>4. </P></TD>
    <TD align=left width="95%" colSpan=3>Citizenship or place of organization
      <BR><BR>Delaware </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=right width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>245,701<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power </P>
      <P>245,701<SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>9. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>245,701 <SUP>(1) </SUP></P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>
      <P align=justify>10. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>11. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>1.8% </P></TD></TR>
  <TR vAlign=top>
    <TD align=center>
      <P align=justify>12. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>PN </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 163,200 &nbsp;shares of Common Stock  that may be acquired pursuant to options held by Osmium Spartan, LP. &nbsp;</P>
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<P align=justify>CUSIP No. 353469109</P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD align=center >
      <P align=justify>1. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Names of reporting persons. <BR>I.R.S. Identification Nos. of above
      persons (entities only). </P>
      <P>Osmium Diamond, LP </P></TD></TR>
  <TR vAlign=top>
    <TD align=center >
      <P align=justify>2. </P></TD>
    <TD align=left width="95%" colSpan=3>Check the appropriate box if a member
      of a group (see instructions) <BR>(a) [&nbsp; &nbsp;] (b) [X] </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center >
      <P align=justify>3. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>SEC use only </TD></TR>
  <TR>
    <TD >4. </TD>
    <TD width="95%" colSpan=3>
      <P>Citizenship or place of organization </P>
      <P>Delaware </P></TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=center colSpan=2 rowSpan=4>Number of <BR>shares
      <BR>beneficially <BR>owned by <BR>each <BR>reporting <BR>person <BR>with:
    </TD>
    <TD align=right width="5%">
      <P align=justify>5 </P></TD>
    <TD align=left width="85%">
      <P>Sole voting power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>6 </P></TD>
    <TD align=left width="85%">
      <P>Shared voting power </P>
      <P>240,514<SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>7 </P></TD>
    <TD align=left width="85%">
      <P>Sole dispositive power </P>
      <P>0 </P></TD></TR>
  <TR vAlign=top>
    <TD align=right width="5%">
      <P align=justify>8 </P></TD>
    <TD align=left width="85%">
      <P>Shared dispositive power 240,514</P>
      <P><SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD align=center >
      <P align=justify>9. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Aggregate amount beneficially owned by each reporting person </P>
      <P>240,514 <SUP>(1)</SUP> </P></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center >
      <P align=justify>10. </P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="95%"
    colSpan=3>Check if the aggregate amount in Row (9) excludes certain shares
      (see instructions) [&nbsp;&nbsp; ] </TD></TR>
  <TR vAlign=top>
    <TD align=center >
      <P align=justify>11. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Percent of class represented by amount in Row (9) </P>
      <P>1.7% </P></TD></TR>
  <TR vAlign=top>
    <TD align=center >
      <P align=justify>12. </P></TD>
    <TD align=left width="95%" colSpan=3>
      <P>Type of reporting person (see instructions) </P>
      <P>PN </P></TD></TR></TABLE></DIV>
<P align=justify>(1) Reflects a maximum of 143,900 &nbsp;shares of Common  Stock that may be acquired pursuant to options held by Osmium Diamond, LP</P>
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<P align=justify><B>Item 1. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>The name of the issuer is Franklin Covey Co. (the
      &#147;Issuer&#148;).</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>The principal executive office of the Issuer is located
      at 2200 West Parkway Boulevard, Salt Lake City, Utah
  84119-2331.</P></TD></TR></TABLE>
<P align=justify><B>Item 2. </B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">(a) </TD>
    <TD>
      <P align=justify>This statement (this &#147;Statement&#148;) is being filed by John
      H. Lewis, the controlling member of Osmium Partners, LLC, a Delaware
      limited liability company (&#147;Osmium Partners&#148;), which serves as the general
      partner of Osmium Capital, LP, a Delaware limited partnership (the
      &#147;Fund&#148;), Osmium Capital II, LP, a Delaware limited partnership (&#147;Fund
      II&#148;), Osmium Spartan, LP, a Delaware limited partnership (&#147;Fund III&#148;) and
      Osmium Diamond, LP, a Delaware limited partnership (&#147;Fund IV&#148;) (all of the
      foregoing, collectively, the &#147;Filers&#148;). The Fund, Fund II, Fund III and
      Fund IV are private investment vehicles formed for the purpose of
      investing and trading in a wide variety of securities and financial
      instruments. The Fund, Fund II, Fund III and Fund IV directly own the
      common shares reported in this Statement (other than the 11,316 shares owned directly by Mr. Lewis). Mr. Lewis and Osmium Partners
      may be deemed to share with the Fund, Fund II, Fund III and Fund IV (and
      not with any third party) voting and dispositive power with respect to
      such shares. Each Filer disclaims beneficial ownership with respect to any
      shares other than the shares owned directly by such Filer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(b) </TD>
    <TD>
      <P align=justify>The Principal Business Office of the Filers is 300 Drakes
      Landing Road, Suite 172, Greenbrae, CA 94904.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(c) </TD>
    <TD>
      <P align=justify>For citizenship information see Item 4 of the cover sheet
      of each Filer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(d) </TD>
    <TD>
      <P align=justify>This Statement relates to the Common Stock of the
      Issuer.</P></TD></TR>
  <TR>
    <TD width="5%">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%">(e) </TD>
    <TD>
      <P align=justify>The CUSIP Number of the Common Stock of the Issuer is
      353469109.</P></TD></TR></TABLE>
<P align=justify><B>Item 3. </B></P>
<P align=justify>Not applicable.</P>
<P align=justify><B>Item 4. Ownership. </B></P>
<P align=justify>See Items 5-9 and 11 on the cover page for each Filer, and Item
2. The percentage ownership of each Filer is based on 13,801,298 shares of
Common Stock outstanding as of December 31, 2016, as reported on the Issuer&#146;s
Quarterly Report on Form 10-Q for the quarterly period ended November 26, 2016,
as filed with the SEC on January 5, 2017.</P>
<P align=justify><B>Item 5. Ownership of Five Percent or Less of a Class</B>.<B>
</B></P>
<P align=justify>Not applicable.</P>
<P align=justify><B>Item 6. Ownership of More than Five Percent on Behalf of
Another Person. </B></P>
<P align=justify>Not applicable.</P>
<P align=justify><B>Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent Holding</B>
<B>Company. </B></P>
<P align=justify>Not applicable.</P>
<P align=justify><B>Item 8. Identification and Classification of Members of the
Group. </B></P>
<P align=justify>Not applicable.</P>
<P align=justify><B>Item 9. Notice of Dissolution of Group</B>.<B> </B></P>
<P align=justify>Not applicable.</P>
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<A name="page_9"></A>

<P align="justify">
<B>Item 10. Certification</B>.<B> </B></P>
<P align="justify">
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. </P>

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<P align=center><B>SIGNATURE </B></P>
<P align=justify>After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.</P>
<P align=justify>Dated: February 14, 2017 </P>
<P align=justify><B>John H. Lewis</B><BR><B>Osmium Partners,
LLC</B><BR><B>Osmium Capital, LP</B><BR><B>Osmium Capital II,
LP</B><BR><B>Osmium Spartan, LP</B><BR><B>Osmium Diamond, LP</B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=top>
    <TD align=left >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="90%">/s/
      John H. Lewis </TD></TR>
  <TR vAlign=top>
    <TD align=left colSpan=2>
      <P align=justify>John H. Lewis, for himself and as Managing Member of
      Osmium Partners, LLC, for itself and as General Partner of Osmium Capital,
      LP, Osmium Capital II LP, Osmium Spartan, LP and Osmium Diamond, LP
  </P></TD></TR></TABLE></DIV><BR>
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<P align=center>EXHIBIT INDEX</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>Exhibit No.
    </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left
      width="90%">Document </TD></TR>
  <TR>
    <TD noWrap align=left>&nbsp;</TD>
    <TD noWrap align=left width="90%">&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee>1 </TD>
    <TD align=left width="90%" bgColor=#eeeeee>Joint Filing Agreement*
  </TD></TR></TABLE>
<P align=justify>*Previously filed </P>
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