BROWN & BROWN INC 4

Accession 0001225208-15-016122

$BROCIK 0000079282operating

Filed

Jul 29, 8:00 PM ET

Accepted

Jul 30, 4:59 PM ET

Size

23.7 KB

Accession

0001225208-15-016122

Form 4

Period: 2015-07-28

Executive Vice President

Transactions

Exercise/Conversion
Stock Options
2015-07-28−16,589→ 0 total
Exercise: $18.48From: 2011-04-15Exp: 2018-02-26→ Common Stock, $.10 par value (16,589 underlying)
Exercise/Conversion
Common Stock, $.10 par value
2015-07-28$18.48/sh+22,000$406,560→ 461,355 total
Exercise/Conversion
Common Stock, $.10 par value
2015-07-28$18.48/sh+22,000$406,560→ 483,355 total
Exercise/Conversion
Common Stock, $.10 par value
2015-07-28$18.48/sh+16,589$306,565→ 499,944 total
Exercise/Conversion
Common Stock, $.10 par value
2015-07-28$18.48/sh+16,589$306,565→ 516,533 total
Exercise/Conversion
Stock Options
2015-07-28−22,000→ 0 total
Exercise: $18.48From: 2013-03-07Exp: 2018-02-26→ Common Stock, $.10 par value (22,000 underlying)
Exercise/Conversion
Stock Options
2015-07-28−22,000→ 0 total
Exercise: $18.48From: 2013-08-01Exp: 2018-02-26→ Common Stock, $.10 par value (22,000 underlying)
Exercise/Conversion
Stock Options
2015-07-28−16,589→ 0 total
Exercise: $18.48From: 2010-11-11Exp: 2018-02-26→ Common Stock, $.10 par value (16,589 underlying)
Tax Payment
Common Stock, $.10 par value
2015-07-28$33.24/sh−12,883$428,231→ 503,650 total

Holdings

Common Stock, $.10 par value (PSP)
9,248
Stock Options
Exercise: $18.48From: 2017-11-26Exp: 2018-02-26→ Common Stock, $.10 par value (22,000 underlying)
22,000
Common Stock, $.10 par value (SIP)
118,365

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]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the exercise of options for 77,178 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]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.
[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

2 files

BROWN & BROWN INC

CIK 0000079282

Entity typeoperating

IncorporatedFL