0001180023-17-000004.txt : 20170227 0001180023-17-000004.hdr.sgml : 20170227 20170227165444 ACCESSION NUMBER: 0001180023-17-000004 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170224 FILED AS OF DATE: 20170227 DATE AS OF CHANGE: 20170227 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BROWN & BROWN INC CENTRAL INDEX KEY: 0000079282 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 590864469 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 220 S. RIDGEWOOD AVE. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: 386-252-9601 MAIL ADDRESS: STREET 1: 220 S. RIDGEWOOD AVE. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 FORMER COMPANY: FORMER CONFORMED NAME: POE & BROWN INC DATE OF NAME CHANGE: 19930827 FORMER COMPANY: FORMER CONFORMED NAME: POE & ASSOCIATES INC DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PENNY JEROME SCOTT CENTRAL INDEX KEY: 0001180023 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13619 FILM NUMBER: 17642640 MAIL ADDRESS: STREET 1: 220 S. RIDGEWOOD AVE CITY: DAYTONA BEACH STATE: FL ZIP: 32114 4 1 wf-form4_148823246947239.xml FORM 4 X0306 4 2017-02-24 0 0000079282 BROWN & BROWN INC BRO 0001180023 PENNY JEROME SCOTT 220 S. RIDGEWOOD AVE. DAYTONA BEACH FL 32114 0 1 0 0 EVP,Chief Acquisitions Officer Common Stock, $.10 par value (SIP) 2017-02-24 4 A 0 1853 0 A 78511 D Common Stock, $.10 par value 44672 D Common Stock, $.10 par value (PSP) 31028 D Common Stock, $.10 par value 96 I Children Common Stock, $.10 par value 9385 I By 401k Common Stock, $.10 par value (Jointly Owned) 148989 D Stock Options 18.48 2016-09-07 2018-02-26 Common Stock, $.10 par value 20000.0 20000 D 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. 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. 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. 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. Based upon information supplied by the plan record keeper as of December 31, 2016. Number of shares varies periodically based on contributions to plan. Owned jointly with spouse. Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan"). These options became exercisable on September 7, 2016 pursuant to the satisfaction of performance-based conditions established in connection with this grant. J. Scott Penny 2017-02-27