BRIDGES C ROY 4
4 · BROWN & BROWN INC · Filed Mar 15, 2013
Insider Transaction Report
Form 4
BRIDGES C ROY
Regional Executive VP
Transactions
- Sale
Common Stock, $.10 par value
2013-03-14$30.67/sh−45,000$1,380,150→ 106,181 total
Holdings
- 101,578
Common Stock, $.10 par value (PSP)
- 78,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (78,000 underlying) - 810(indirect: By Spouse)
Common Stock, $.10 par value
Footnotes (3)
- [F1]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.
- [F2]Reporting Person disclaims beneficial ownership in shares owned by Spouse of Reporting Person.
- [F3]Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").