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BROWN & BROWN, INC. — Director's Dealing 2011
Jan 20, 2011
30146_dirs_2011-01-20_8d41ea23-e787-4185-b5cd-3fb568238018.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: 2011-01-18
Reporting Person: LYDECKER CHARLIE (Regional President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-18 | Common Stock, $.10 par value | A | 50127 | — | Acquired | 50127 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value | 233497 | Direct |
| Common Stock, $.10 par value | 117562 | Direct |
| Common Stock, $.10 par value | 13299 | Indirect |
| Common Stock, $.10 par value | 24 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $15.78 | 2013-03-24 | Common Stock (50000) | 50000 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock (14589) | 14589 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock (80000) | 80000 | Direct |
Footnotes
F1: 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.
F2: Number of shares may reflect reinvested dividends.
F3: Owned jointly with spouse.
F4: These securities were granted pursuant to the 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: Based upon information supplied by the Plan's recordkeeper. Number of shares varies periodically based on contributions to plan.
F6: Reporting person disclaims beneficial ownership of securities owned by children who share reporting person's household. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
F7: Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
F8: These options vest and become exercisable on 11/26/17 unless accelerated based on satisfaction of conditions established pursuant to the Plan.