BRIDGES C ROY 4

4 · BROWN & BROWN INC · Filed Dec 27, 2012

Form 4

Period: 2012-12-26

Regional Executive VP

Transactions

Exercise/Conversion
Stock Options
2012-12-26$15.78/sh−126,016$1,988,532→ 0 total
Exercise: $15.78From: 2012-12-23Exp: 2013-03-24→ Common Stock, $.10 par value (126,016 underlying)
Tax Payment
Common Stock, $.10 par value
2012-12-26$25.75/sh−21,128$544,046→ 214,044 total
Exercise/Conversion
Common Stock, $.10 par value
2012-12-26$18.48/sh+20,589$380,485→ 235,172 total
Exercise/Conversion
Common Stock, $.10 par value
2012-12-26$18.48/sh+26,000$480,480→ 214,583 total
Exercise/Conversion
Stock Options
2012-12-26$18.48/sh−26,000$480,480→ 0 total
Exercise: $18.48From: 2011-04-15Exp: 2018-02-26→ Common Stock, $.10 par value (26,000 underlying)
Exercise/Conversion
Common Stock, $.10 par value
2012-12-26$15.78/sh+126,016$1,988,532→ 188,583 total
Tax Payment
Common Stock, $.10 par value
2012-12-26$25.75/sh−26,496$682,272→ 187,548 total
Exercise/Conversion
Stock Options
2012-12-26$18.48/sh−20,589$380,485→ 0 total
Exercise: $18.48From: 2010-11-11Exp: 2018-02-26→ Common Stock, $.10 par value (20,589 underlying)

Holdings

Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (78,000 underlying)
78,000
Common Stock, $.10 par value (PSP)
101,578
Common Stock, $.10 par value
(indirect: By Spouse)
810

Footnotes (5)

[F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the exercise of options for 172,605 shares under the Company's 2000 Incentive Stock Option Plan.
[F2]These securities were surrendered in payment of the exercise price of options for 172,605 shares under the Company's 2000 Incentive Stock Option Plan.
[F3]These securities were granted pursuant to the Company's PSP. Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has 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.
[F4]Reporting Person disclaims beneficial ownership in shares owned by Spouse of Reporting Person.
[F5]Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").

Documents

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