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BROWN & BROWN, INC. — Director's Dealing 2011
Jan 20, 2011
30146_dirs_2011-01-20_451dfc34-559f-4fa6-853e-d62a05ee02d7.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: STRIANESE ANTHONY T (Regional Executive VP)
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 | 94479 | Direct |
| Common Stock, $.10 par value | 6944 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $15.78 | 2013-03-24 | Common Stock (6336) | 6336 | Direct |
| Stock Option | $15.78 | 2013-03-24 | Common Stock (6336) | 6336 | Direct |
| Stock Option | $15.78 | 2013-03-24 | Common Stock (6336) | 6336 | Direct |
| Stock Option | $15.78 | 2013-03-24 | Common Stock (992) | 992 | Direct |
| Stock Option | $18.48 | 2018-02-26 | Common Stock (100000) | 100000 | 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: 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.
F3: A total of 1,502 of these shares were acquired through the Company's Employee Stock Purchase Plan in August 2010. Number of shares may reflect reinvested dividends.
F4: Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
F5: These options vest and become exercisable on 11/26/17 unless vesting is accelerated based on satisfaction of conditions established pursuant to the Plan.