BROWN & BROWN INC 4

4 · BROWN & BROWN INC · Filed Sep 2, 2014

Form 4

Period: 2014-08-28

Regional Executive VP

Transactions

Exercise/Conversion
Common Stock, $.10 par value
2014-08-28$18.48/sh+6,884$127,216→ 54,024 total
Exercise/Conversion
Stock Options
2014-08-28$18.48/sh−6,884$127,216→ 0 total
Exercise: $18.48From: 2013-03-07Exp: 2018-02-26→ Common Stock, $.10 par value (6,884 underlying)
Exercise/Conversion
Stock Options
2014-08-28$18.48/sh−15,000$277,200→ 0 total
Exercise: $18.48From: 2013-08-01Exp: 2018-02-26→ Common Stock, $.10 par value (15,000 underlying)
Exercise/Conversion
Common Stock, $.10 par value
2014-08-28$18.48/sh+15,000$277,200→ 47,140 total

Holdings

Common Stock, $.10 par value (PSP)
25,798
Common Stock, $.10 par value
(indirect: By Spouse)
86
Common Stock, $.10 par value (SIP)
105,958
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (15,000 underlying)
15,000

Footnotes (6)

[F1]A total of 955 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2014. Number of shares may vary due to dividend reinvestment.
[F2]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.
[F3]These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. The Reporting Person has voting rights and dividend entitlement with respect to a portion of these shares, 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").
[F6]These options vest and become exercisable on 11/26/17, unless accelerated based on satisfaction of conditions established pursuant to the Plan.

Documents

1 file