BROWN & BROWN, INC. — Director's Dealing 2012

Dec 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN & BROWN INC (BRO)
CIK: 0000079282
Period of Report: 2012-12-20

Reporting Person: BROWN J POWELL (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-20	Common Stock, $.10 par value	G	1000.0000	$0.0000	Acquired	1073185.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.10 par value (PSP)	99552.0000	Direct
Common Stock, $.10 par value (SIP)	246566.0000	Direct
Common Stock, $.10 par value	15779.0000	Indirect
Common Stock, $.10 par value	7969.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (35000.0000)	35000.0000	Direct
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (29589.0000)	29589.0000	Direct
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (105000.0000)	105000.0000	Direct
Stock Options	$15.7800	2013-03-23	Common Stock, $.10 par value (50000.0000)	50000.0000	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: Based upon information supplied by the Plan recordkeeper. Number of shares varies periodically based on contributions to plan.

F3: Reporting Person disclaims beneficial ownership in shares owned by Children of Reporting Person living in household

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 accelerated based on satisfaction of conditions established pursuant to the Plan.