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BROWN & BROWN, INC. — Director's Dealing 2016
Apr 4, 2016
30146_dirs_2016-04-04_4815d9f3-25a8-439e-87f2-c071f7e6a489.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: 2016-04-01
Reporting Person: STRIANESE ANTHONY T (EVP and Pres. Wholesale Div.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-01 | Common Stock, $.10 par value | F | 5991.0000 | $35.8000 | Disposed | 38899.0000 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value (PSP) | 24296.0000 | Direct |
| Common Stock, $.10 par value (SIP) | 124669.0000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $18.4800 | 2018-02-26 | Common Stock, $.10 par value (10000.0000) | 10000.0000 | 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: Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 14,280 shares of stock under the Company's Performance Stock Plan ("PSP").
F2: A total of 939 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2015. Number of shares may vary due to dividend reinvestment.
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. The Reporting Person has voting rights and dividend entitlement with respect to a portion of these shares, but full ownership will not vest until the satisfaction of additional conditions.
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 November 26, 2017, unless accelerated based on satisfaction of conditions established pursuant to the Plan.