BROWN & BROWN INC 4
4 · BROWN & BROWN INC · Filed Feb 28, 2014
Insider Transaction Report
Form 4
BRIDGES C ROY
Regional Executive VP
Transactions
- Tax Payment
Common Stock, $.10 par value
2014-02-27$29.44/sh−26,390$776,922→ 106,387 total
Holdings
- 810(indirect: By Spouse)
Common Stock, $.10 par value
- 26,000
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (26,000 underlying) - 10,404
Common Stock, $.10 par value (PSP)
- 15,178
Stock Options
Exercise: $18.48From: 2013-03-07Exp: 2018-02-26→ Common Stock, $.10 par value (15,178 underlying)
Footnotes (5)
- [F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 65,200 shares under the Company's Performance Stock Plan ("PSP).
- [F2]Number of shares may vary due to dividend reinvestment.
- [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").