HILB ROGAL & HOBBS CO 4
4 · HILB ROGAL & HOBBS CO · Filed Aug 11, 2008
Insider Transaction Report
Form 4
DAVIS NORWOOD H JR
Director
Transactions
- Sale
Common Stock
2008-08-07$43.50/sh−5,300$230,550→ 114,551 total - Sale
Common Stock
2008-08-11$43.59/sh−75$3,269→ 0 total(indirect: By Trust) - Sale
Common Stock
2008-08-11$43.59/sh−150$6,539→ 0 total(indirect: By Spouse) - Sale
Common Stock
2008-08-08$43.50/sh−14,739$641,147→ 99,812 total - Sale
Common Stock
2008-08-11$43.59/sh−11,561$503,944→ 88,251 total
Holdings
- 1,000(indirect: Qualified Plan)
Common Stock
- 6,969.11(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) - 10,000
Stock Options (Right to buy)
Exercise: $10.81From: 1999-12-09Exp: 2009-06-09→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Directors' Deferred Plan purchases common stock of Company, which is held in trust under the terms of the Hilb, Rogal and Hamilton Amended and Restated Outside Directors Deferral Plan. Directors electing to receive 100% of compensation in common stock receive a 30% 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.