BROWN & BROWN, INC. — Director's Dealing 2015

Jun 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN & BROWN INC (BRO)
CIK: 0000079282
Period of Report: 2015-06-17

Reporting Person: PENNY JEROME SCOTT (Chief Acquisitions Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-17	Common Stock, $.10 par value (Jointly Owned)	S	15000.0000	$33.3900	Disposed	197513.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.10 par value (PSP)	55488.0000	Direct
Common Stock, $.10 par value (SIP)	133902.0000	Direct
Common Stock, $.10 par value	24006.1502	Indirect
Common Stock, $.10 par value	96.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (14589.0000)	14589.0000	Direct
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (20000.0000)	20000.0000	Direct
Stock Options	$18.4800	2018-02-26	Common Stock, $.10 par value (20000.0000)	20000.0000	Direct

Footnotes

F1: Owned jointly with spouse.

F2: Number of shares may vary due to dividend reinvestment. 68,474 of these shares were previously reported as directly beneficially owned by the reporting person.

F3: 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.

F4: 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.

F5: Based upon information supplied by the Plan recordkeeper as of January 27, 2015. Number of shares varies periodically based on contributions to plan.

F6: Reporting Person disclaims beneficial ownership in shares owned by children who share Reporting Person's household. 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.

F7: Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").

F8: These options vest and become exercisable on 11/26/17, unless accelerated based on satisfaction of conditions established pursuant to the Plan.