HILB ROGAL & HOBBS CO 4
4 · HILB ROGAL & HOBBS CO · Filed Jun 2, 2008
Insider Transaction Report
Form 4
SMITH JULIOUS P
Director
Transactions
- Award
Common Stock
2008-06-01$30.96/sh+77.52$2,400→ 14,275.01 total(indirect: By Trust)
Holdings
- 3,500(indirect: By Trust)
Common Stock
- 2,789
Stock Options (Right to buy)
Exercise: $43.00From: 2007-11-01Exp: 2014-05-01→ Common Stock (2,789 underlying) - 224.253(indirect: Qualified Plan)
Common Stock
- 3,729.474
Common Stock
- 307.539(indirect: By Spouse)
Common Stock
- 10,000
Stock Options (Right to buy)
Exercise: $19.88From: 2001-11-02Exp: 2011-05-02→ Common Stock (10,000 underlying) - 4,937
Stock Options (Right to buy)
Exercise: $28.99From: 2008-11-06Exp: 2015-05-06→ Common Stock (4,937 underlying)
Footnotes (2)
- [F1]Reinvestment by brokerage of dividends over year at various market prices at time of dividend payment.
- [F2]Directors' Deferred Plan purchases common stock of Company, which is held in trust under the terms of the Hilb Rogal & Hobbs Amended and Restated Outside Directors Deferral Plan. Directors electing to receive 100% of compensation in common stock receive a 20% bonus grant of stock to encourage maximazation of at-risk compensation. Dividends are reinvested by the trustee. Deferred stock will be paid out in shares at the time selected by the director, either a lump sum or a series of distributions over a period of years.