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BROWN & BROWN, INC. — Director's Dealing 2010
Feb 2, 2010
30146_dirs_2010-02-02_935b428b-b65b-4fd6-8594-ea268bb5f587.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BROWN & BROWN INC (BRO)
CIK: 0000079282
Period of Report: 2010-02-01
Reporting Person: RILEY THOMAS E (Regional President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-01 | Common Stock, $.10 par value | M | 41360 | $4.8359 | Acquired | 204248 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-01 | Stock Options | $4.8359 | M | 20680 | Disposed | 2010-04-20 | Common Stock (20680) | Direct |
| 2010-02-01 | Stock Options | $4.8359 | M | 20680 | Disposed | 2010-04-20 | Common Stock (20680) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value | 300293 | Direct |
| Common Stock, $.10 par value | 94171 | Indirect |
| Common Stock, $.10 par value | 3620 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $15.78 | 2013-03-23 | Common Stock (180762) | 180762 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock (190000) | 190000 | Direct |
Footnotes
F1: This total includes 642 shares obtained through the Company's Employee Stock Purchase Plan in August 2009. Number of shares may vary due to dividend reinvestment.
F2: These securities were granted at various dates pursuant to the Company's Performance Stock Plan. Based on the satisfaction of certain performance-based conditions established pursuant to that 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 additional conditions are satisfied.
F3: Based upon information supplied as of 12/31/09 by the Plan's recordkeeper. Number of shares varies periodically based on contributions to plan.
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 vesting is accelerated based on satisfaction of conditions established pursuant to the Plan.