BROWN & BROWN, INC. — Director's Dealing 2013

Jan 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN & BROWN INC (BRO)
CIK: 0000079282
Period of Report: 2012-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-31	Common Stock, $.10 par value	M	50000.0000	$15.7800	Acquired	1123185.0000	Direct
2012-12-31	Common Stock, $.10 par value	M	35000.0000	$18.4800	Acquired	1158185.0000	Direct
2012-12-31	Common Stock, $.10 par value	M	29589.0000	$18.4800	Acquired	1187774.0000	Direct
2012-12-31	Common Stock, $.10 par value	F	11825.0000	$25.3200	Disposed	1175949.0000	Direct
2012-12-31	Common Stock, $.10 par value	F	78302.0000	$25.3200	Disposed	1097647.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-31	Stock Options	$18.4800	M	35000.0000	Disposed	2018-02-26	Common Stock, $.10 par value (35000.0000)	Direct
2012-12-31	Stock Options	$18.4800	M	29589.0000	Disposed	2018-02-26	Common Stock, $.10 par value (29589.0000)	Direct
2012-12-31	Stock Options	$15.7800	M	50000.0000	Disposed	2013-03-23	Common Stock, $.10 par value (50000.0000)	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 (105000.0000)	105000.0000	Direct

Footnotes

F1: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the exercise of options for 114,589 shares under the Company's 2000 Incentive Stock Option Plan.

F2: These securities were surrendered in payment of the exercise price of options for 114,589 shares under the Company's 2000 Incentive Stock Option Plan.

F3: 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.

F4: Based upon information supplied by the Plan recordkeeper. Number of shares varies periodically based on contributions to plan.

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.