4//SEC Filing
RILEY THOMAS E 4
Accession 0000079282-10-000021
CIK 0000079282other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 4:47 PM ET
Size
16.7 KB
Accession
0000079282-10-000021
Insider Transaction Report
Form 4
RILEY THOMAS E
Regional President
Transactions
- Disposition to Issuer
Common Stock, $.10 par value
2010-04-27−31,407→ 268,886 total - Award
Common Stock, $.10 par value
2010-04-27+31,407→ 300,293 total
Holdings
- 204,248
Common Stock, $.10 par value
- 180,762
Stock Options
Exercise: $15.78From: 2013-03-22Exp: 2013-03-23→ Common Stock (180,762 underlying) - 94,171(indirect: By 401(k))
Common Stock, $.10 par value
- 3,620(indirect: By Spouse)
Common Stock, $.10 par value
- 190,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock (190,000 underlying)
Footnotes (7)
- [F1]In February In February 2008, the reporting person was inadvertently awarded 31,407 shares under the Issuer's Performance Stock Plan (the "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 31,407 shares previously awarded under the PSP with 31,407 new shares under the PSP with vesting conditions identical to those associated with the February 2008 grant.
- [F2]These securities 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 performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
- [F3]Number of shares may reflect reinvested dividends.
- [F4]Based upon information supplied by the Plan's recordkeeper. Number of shares varies periodically based on contributions to plan.
- [F5]Reporting Person disclaims beneficial ownership in shares owned by Spouse of Reporting Person.
- [F6]Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
- [F7]These options vest and become exercisable on 11/26/17 unless vesting is accelerated based on satisfaction of conditions established pursuant to the Plan.
Issuer
BROWN & BROWN INC
CIK 0000079282
Entity typeother
Related Parties
1- filerCIK 0001179933
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 4:47 PM ET
- Size
- 16.7 KB