BROWN & BROWN INC 4
4 · BROWN & BROWN INC · Filed Jul 3, 2013
Insider Transaction Report
Form 4
Masters Kenneth R
Regional Executive VP
Transactions
- Award
Common Stock, $.10 par value (SIP)
2013-07-01+37,221→ 87,348 total - Award
Common Stock, $.10 par value (SIP)
2013-07-01+18,610→ 105,958 total
Holdings
- 86(indirect: By Spouse)
Common Stock, $.10 par value
- 15,000
Stock Options
Exercise: $18.48From: 2013-03-07Exp: 2018-02-26→ Common Stock, $.10 par value (15,000 underlying) - 13,786
Common Stock, $.10 par value
- 25,798
Common Stock, $.10 par value (PSP)
- 15,000
Stock Options
Exercise: $18.48From: 2011-04-15Exp: 2018-02-26→ Common Stock, $.10 par value (15,000 underlying) - 15,000
Stock Options
Exercise: $18.48From: 2010-11-11Exp: 2018-02-26→ Common Stock, $.10 par value (15,000 underlying) - 30,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (30,000 underlying)
Footnotes (7)
- [F1]These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). Full ownership will not vest until the satisfaction of performance-based conditions established in connection with this grant.
- [F2]These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. Full ownership will not vest until the satisfaction of certain conditions established in connection with this grant.
- [F3]A total of 1,516 of these shares were acquired through the Company's Employee Stock Purchase Plan in August 2011 and 1,512 in August 2012. Number of shares may vary due to dividend reinvestment.
- [F4]These securities were granted pursuant to the Company's Performance Stock Plan ("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.
- [F5]Reporting Person disclaims beneficial ownership in shares owned by Spouse of Reporting Person.
- [F6]Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
- [F7]These options vest and become exercisable on 11/26/17, unless accelerated based on satisfaction of conditions established pursuant to the Plan.