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BROWN & BROWN, INC. — Director's Dealing 2017
Feb 27, 2017
30146_dirs_2017-02-27_a69d4e1b-a5dd-434d-9499-c79c957bdecb.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: 2017-02-24
Reporting Person: STRIANESE ANTHONY T (EVP and Pres. Wholesale Div.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-24 | Common Stock, $.10 par value (SIP) | A | 2896 | — | Acquired | 84775 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.10 par value | 33756 | Direct |
| Common Stock, $.10 par value (PSP) | 24296 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $18.48 | 2018-02-26 | Common Stock, $.10 par value (10000.0) | 10000 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock, $.10 par value (20000.0) | 20000 | Direct |
| Stock Options | $18.48 | 2018-02-26 | Common Stock, $.10 par value (20000.0) | 20000 | Direct |
Footnotes
F1: These securities were granted pursuant to the Company's 2010 Stock Incentive Plan ("SIP"). The Reporting Person has voting rights and dividend entitlement with respect to these shares, but full ownership will not vest until the satisfaction of service-based conditions.
F2: A total of 855 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2016. Number of shares may vary due to dividend reinvestment.
F3: These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). Based on the satisfaction of conditions established pursuant to the PSP, the Reporting Person has voting rights and dividend entitlement with respect to these shares based on the satisfaction of certain performance-based criteria, but full ownership will not vest until the satisfaction of additional conditions.
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 became exercisable on September 7, 2016 pursuant to the satisfaction of performance-based conditions established in connection with this grant.