HENDERSON JIM W 4
4 · BROWN & BROWN INC · Filed Jul 7, 2010
Insider Transaction Report
Form 4
HENDERSON JIM W
DirectorVice Chairman and COO
Transactions
- Tax Payment
Common Stock, $.10 par value
2010-07-06$18.90/sh−51,168$967,075→ 217,990 total
Holdings
- 54,115
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) - 435,464
Common Stock, $.10 par value
- 250,000(indirect: By 401(k))
Common Stock, $.10 par value
- 200,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock (200,000 underlying)
Footnotes (6)
- [F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 251,168 shares of restricted stock under the Company's Performance Stock Plan ("PSP")
- [F2]These securities were granted pursuant to the PSP. Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person may have 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]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.