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BROWN & BROWN, INC. — Director's Dealing 2013
Mar 18, 2013
30146_dirs_2013-03-18_441403de-469c-421f-a33d-718c3adbdd1d.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: 2013-02-27
Reporting Person: FREEBOURN RICHARD (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-02-27 | Common Stock, $.10 par value (Jointly Owned) | F | 71.0000 | $29.6700 | Disposed | 47541.0000 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value (PSP) | 7029.0000 | Direct |
| Common Stock, $.10 par value (SIP) | 28197.0000 | Direct |
| Common Stock, $.10 par value | 25192.0000 | Indirect |
| Common Stock, $.10 par value | 1250.0000 | Indirect |
Footnotes
F1: Owned jointly with spouse.
F2: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 216 shares of restricted stock under the Company's Performance Stock Plan ("PSP").
F3: A total of 1,512 of these shares were acquired through the Company's Employee Stock Purchase Plan in August 2012. Number of shares may vary due to dividend reinvestment.
F4: These securities were granted pursuant to the Company's 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: 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.
F6: Based upon information supplied by the Plan recordkeeper. Number of shares varies periodically based on contributions to plan.
F7: The Reporting Person disclaims beneficial ownership of these securities and 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.