4//SEC Filing
BROWN & BROWN INC 4
Accession 0001225208-16-030209
$BROCIK 0000079282operating
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 5:03 PM ET
Size
9.6 KB
Accession
0001225208-16-030209
Insider Transaction Report
Form 4
FREEBOURN RICHARD
Vice President
Transactions
- Tax Payment
Common Stock, $.10 par value (Jointly Owned)
2016-03-23$35.47/sh−2,893$102,615→ 55,613 total - Award
Common Stock, $.10 par value (SIP)
2016-03-23+18,798→ 38,465 total
Holdings
- 3,518
Common Stock, $.10 par value
- 1,512
Common Stock, $.10 par value (PSP)
- 25,887(indirect: By 401(k))
Common Stock, $.10 par value
Footnotes (6)
- [F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 10,575 shares under the Company's 2010 Stock Incentive Plan ("SIP").
- [F2]Owned jointly with spouse.
- [F3]These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). The initial grant was made on January 18, 2011, but was subject to the satisfaction of performance-based conditions established in connection with the grant. On March 23, 2016, the Company confirmed the satisfaction of the performance-based conditions established in connection with this grant, and the Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of additional service-based conditions.
- [F4]A total of 939 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2015. Number of shares may vary due to dividend reinvestment.
- [F5]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.
- [F6]Based upon information supplied by the plan recordkeeper as of December 31, 2015. Number of shares varies periodically based on contributions to plan.
Documents
Issuer
BROWN & BROWN INC
CIK 0000079282
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000079282
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 5:03 PM ET
- Size
- 9.6 KB