AI assistant
BROWN & BROWN, INC. — Director's Dealing 2011
Jan 3, 2011
30146_dirs_2011-01-03_3ce17022-70c3-43e3-b2e4-99c6860fb2b7.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BROWN & BROWN INC (BRO)
CIK: 0000079282
Period of Report: 2010-12-29
Reporting Person: BRIDGES C ROY (Regional President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-29 | Common Stock, $.10 par value | M | 5411 | $18.48 | Acquired | 78591 | Direct |
| 2010-12-31 | Common Stock, $.10 par value | F | 34992 | $24.12 | Disposed | 160378 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-29 | Stock Options | $18.48 | M | 5411 | Disposed | 2018-02-16 | Common Stock (26000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value | 810 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $15.78 | 2013-03-24 | Common Stock (126016) | 126016 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock (104000) | 104000 | Direct |
Footnotes
F1: Number of shares may reflect reinvested dividends.
F2: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 96,000 shares of restricted stock under the Company's Performance Stock Plan ("PSP").
F3: These securities were granted pursuant to the 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: 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 accelerated based on satisfaction of conditions established pursuant to the Plan.