4//SEC Filing
HENDERSON JIM W 4
Accession 0000079282-10-000020
CIK 0000079282other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 4:23 PM ET
Size
14.0 KB
Accession
0000079282-10-000020
Insider Transaction Report
Form 4
HENDERSON JIM W
DirectorVice Chairman and COO
Transactions
- Award
Common Stock, $.10 par value
2010-04-27+34,112→ 305,283 total - Disposition to Issuer
Common Stock, $.10 par value
2010-04-27−34,112→ 271,171 total
Holdings
- 17,990
Common Stock, $.10 par value
- 6,336
Stock Options
Exercise: $15.78From: 2008-01-22Exp: 2013-03-24→ Common Stock (6,336 underlying) - 6,336
Stock Options
Exercise: $15.78From: 2009-01-22Exp: 2013-03-24→ Common Stock (6,336 underlying) - 200,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock (200,000 underlying) - 436,924
Common Stock, $.10 par value
- 250,000(indirect: By 401(k))
Common Stock, $.10 par value
Footnotes (6)
- [F1]In February 2008, the reporting person was inadvertently awarded 34,112 shares under the Issuer's Performance Stock Plan ("PSP") in excess of the maximum number of shares permitted to be awarded in a particular calendar year. In order to assure achievement of the full intent of that grant and the potential deductibility of associated expense upon vesting pursuant to Section 162(m) of the Internal Revenue Code, on April 27, 2010 the Compensation Committee replaced 34,112 shares previously awarded under the PSP with 34,112 new shares under the PSP with vesting conditions identical to those associated with the February 2008 grant.
- [F2]These securites were granted pursuant to the PSP. Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to a portion of these shares based on the satisfaction of certain performane-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
- [F3]These shares are owned jointly with spouse.
- [F4]Number of shares may vary periodically based on contributions to plan.
- [F5]Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
- [F6]These options vest and become exercisable on 11/26/17, unless vesting is accelerated based on the satisfaction of conditions established pursuant to the Plan.
Documents
Issuer
BROWN & BROWN INC
CIK 0000079282
Entity typeother
Related Parties
1- filerCIK 0001134921
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 4:23 PM ET
- Size
- 14.0 KB