BROWN & BROWN INC 4
4 · BROWN & BROWN INC · Filed Jan 3, 2017
Insider Transaction Report
Form 4
FREEBOURN RICHARD
Vice President
Transactions
- Tax Payment
Common Stock, $.10 par value
2017-01-01$44.86/sh−691$30,998→ 5,797 total
Holdings
- 30,613
Common Stock, $.10 par value (Jointly Owned)
- 1,512
Common Stock, $.10 par value (PSP)
- 15,413
Common Stock, $.10 par value (SIP)
Footnotes (5)
- [F1]Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 2,115 shares of stock under the Company's 2010 Stock Incentive Plan ("SIP").
- [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]Owned jointly with spouse.
- [F4]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.
- [F5]These securities were granted pursuant to the SIP. Full ownership will not vest until the satisfaction of additional conditions established in connection with this grant.