HILB ROGAL & HOBBS CO 4
4 · HILB ROGAL & HOBBS CO · Filed May 3, 2006
Insider Transaction Report
Form 4
HILB ROBERT H
Director
Transactions
- Award
Common Stock
2006-05-01$40.05/sh+98$3,925→ 125,566 total - Award
Common Stock
2006-05-02$40.40/sh+64$2,586→ 125,630 total
Holdings
- 2,939.92(indirect: By Trust)
Common Stock
- 10,000
Stock Options (Right to buy)
Exercise: $8.81From: 1998-11-06Exp: 2008-05-06→ Common Stock (10,000 underlying) - 20,000(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Nonemployee Directors Stock Incentive Plan grants shares of common stock of Company to Director in lieu of cash fees. Grants are increased by 30% if director elects to receive 100% of compensation in common stock to encourage maximization of at-risk compensation. Shares are physically issued quarterly and are rounded down to the nearest whole number.
- [F2]Shares are issued under this plan quarterly and rounded down to the nearest whole share.
- [F3]Nonqualified Stock Option - vesting contingent on continued employment, 25% per year of employment after date of grant, with certain specified exceptions.