RILEY THOMAS E 4

4 · BROWN & BROWN INC · Filed Apr 28, 2005

Form 4

Period: 2005-04-27

Regional President

Transactions

Discretionary Transaction
Common Stock, $.10 par value
2005-04-27$42.67/sh+36,047$1,538,125→ 36,047 total(indirect: By 401(k))

Holdings

Common Stock, $.10 par value
(indirect: By Spouse)
425
Stock Options
Exercise: $9.67From: 2001-04-21Exp: 2010-04-20→ Common Stock (10,340 underlying)
10,340
Common Stock, $.10 par value
89,484
Stock Options
Exercise: $31.56From: 2013-03-23Exp: 2013-03-24→ Common Stock (90,381 underlying)
90,381
Common Stock, $.10 par value
(indirect: Stock Performance Plan)
126,730

Footnotes (7)

[F1]Based upon information supplied as of 4/28/05 by the Plan's recordkeeper. Number of shares varies periodically based on contributions to plan.
[F2]A portion of these shares was acquired through the Company's Employee Stock Purchase Plan. Number of shares may reflect reinvested dividends.
[F3]These securities were granted pursuant to the Company's Stock Performance Plan. Until the satisfaction of conditions contained in that Plan, the recipient has neither voting rights nor dividend entitlement with respect to a portion of these shares, and full ownership will not vest until additional conditions are satisfied.
[F4]Reporting Person disclaims beneficial ownership in shares owned by Spouse of Reporting Person.
[F5]Granted by the Compensation Committee of the Board Directors pursuant to the Company's 2000 Incentive Stock Option Plan ("Plan"). Consideration for granted options is grantee's performance and continued service with Company as specified in the Plan.
[F6]Due to the satisfaction of conditions established pursuant to the Plan, an additional 10,340 options will vest on 4/21/06, subject to grantee's continued service with the Company as specified in the Plan.
[F7]These options vest and become exercisable on 3/23/13, unless accelerated based on satisfaction of conditions established pursuant to the Plan.

Documents

1 file