HILB ROGAL & HOBBS CO 4

4 · HILB ROGAL & HOBBS CO · Filed Feb 8, 2005

Form 4

Period: 2005-02-07

SVP, CFO, T

Transactions

Award
Stock Options (Right to buy)
2005-02-07+3,000→ 3,000 total
Exercise: $0.00From: 2007-02-07Exp: 2012-02-07→ Common Stock (3,000 underlying)
Award
Stock Options (Right to buy)
2005-02-07$33.06/sh+13,000$429,780→ 13,000 total
Exercise: $33.06From: 2006-02-07Exp: 2012-02-07→ Common Stock (13,000 underlying)

Holdings

Common Stock
56,636
Stock Options (Right to buy)
Exercise: $0.00From: 2004-02-11Exp: 2009-02-11→ Common Stock (3,000 underlying)
3,000
Stock Options (Right to buy)
Exercise: $0.00From: 2002-03-01Exp: 2007-03-01→ Common Stock (3,125 underlying)
3,125
Stock Options (Right to buy)
Exercise: $0.00From: 2003-02-12Exp: 2008-02-12→ Common Stock (1,250 underlying)
1,250
Stock Options (Right to buy)
Exercise: $0.00From: 2005-02-10Exp: 2010-02-11→ Common Stock (2,250 underlying)
2,250
Common Stock
(indirect: Employee Stock Purchase Plan)
6,527.06
Stock Options (Right to buy)
Exercise: $18.75From: 2002-02-12Exp: 2008-02-12→ Common Stock (7,901 underlying)
2,500
Stock Options (Right to buy)
Exercise: $32.73From: 2005-02-09Exp: 2011-02-09→ Common Stock (13,000 underlying)
13,000

Footnotes (4)

[F1]Stock Swap Exercise of Options - Reporting Person exercised nonqualified stock options by the deemed swap technique, whereby option price was deemed to be paid in swapped shares and taxes were paid by the deemed redemption of the newly acquired shares, resulting in the net issuance of shares shown.
[F2]Taxes on vesting of Restricted Stock paid by redemption of vested shares.
[F3]Restricted Stock - vesting contingent on continued employment and achievement of specified goals. If necessary goals achieved, vests 25% for two years of employment after date of grant, and 25% per year of employment thereafter.
[F4]Nonqualified Stock Option - vesting contingent on continued employment, 25% per year of employment after date of grant, with certain specified exceptions.

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