BROWN & BROWN INC 4
4 · BROWN & BROWN INC · Filed Nov 23, 2016
Insider Transaction Report
Form 4
FREEBOURN RICHARD
Vice President
Transactions
- Sale
Common Stock, $.10 par value (Jointly Owned)
2016-11-23$42.90/sh−25,000$1,072,500→ 30,613 total
Holdings
- 17,528
Common Stock, $.10 par value (SIP)
- 4,373
Common Stock, $.10 par value
- 1,512
Common Stock, $.10 par value (PSP)
Footnotes (4)
- [F1]Owned jointly with spouse.
- [F2]A total of 855 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2016. Number of shares may vary due to dividend reinvestment.
- [F3]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.
- [F4]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.