0001225208-16-032698.txt : 20160505
0001225208-16-032698.hdr.sgml : 20160505
20160505170004
ACCESSION NUMBER: 0001225208-16-032698
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160503
FILED AS OF DATE: 20160505
DATE AS OF CHANGE: 20160505
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: BROWN J POWELL
CENTRAL INDEX KEY: 0001208478
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13619
FILM NUMBER: 161624757
4
1
doc4.xml
X0306
4
2016-05-03
0000079282
BROWN & BROWN INC
BRO
0001208478
BROWN J POWELL
220 S. RIDGEWOOD AVENUE
DAYTONA BEACH
FL
32114
1
1
President and CEO
Common Stock, $.10 par value (PSP)
2016-05-03
4
A
0
4000.0000
0.0000
A
49192.0000
D
Common Stock, $.10 par value (SIP)
2016-05-03
4
A
0
37408.0000
0.0000
A
226128.0000
D
Common Stock, $.10 par value
1113235.0000
D
Common Stock, $.10 par value
18214.0000
I
By 401k
Common Stock, $.10 par value
9171.0000
I
Children
Stock Options
18.4800
2013-03-07
2018-02-26
Common Stock, $.10 par value
35000.0000
35000.0000
D
Stock Options
18.4800
2013-08-01
2018-02-26
Common Stock, $.10 par value
35000.0000
35000.0000
D
Stock Options
18.4800
2017-11-26
2018-02-26
Common Stock, $.10 par value
35000.0000
35000.0000
D
These securities were granted pursuant to the Company's Performance Stock Plan ("PSP"). The initial grant was made on July 21, 2009, but was subject to the satisfaction of performance-based conditions established in connection with the grant. On May 3, 2016, the Company confirmed the satisfaction of certain of the performance-based conditions established in connection with this grant, and the Reporting Person has voting rights and dividend entitlement with respect to these shares. Full ownership will not vest until the satisfaction of additional service-based conditions.
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.
These securities were granted pursuant to the Company's Stock Incentive Plan ("SIP"). The initial grant was made on April 28, 2010, but was subject to the satisfaction of performance-based conditions established in connection with the grant. On May 3, 2016, the Company confirmed the satisfaction of certain of the performance-based conditions established in connection with this grant, and the Reporting Person has voting rights and dividend entitlement with respect to these shares. Full ownership will not vest until the satisfaction of additional service-based conditions.
These securities were granted pursuant to the Company's SIP. Full ownership will not vest until the satisfaction of additional conditions established in connection with this grant. This amount does not include 69,789 shares that were granted on July 1, 2013 pursuant to the SIP that have not yet satisfied the performance-based conditions established in connection with this grant.
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.
Based upon information supplied by the plan recordkeeper as of December 31, 2015. Number of shares varies periodically based on contributions to plan.
Reporting Person disclaims beneficial ownership of securities 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.
Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan").
These options vest and become exercisable on November 26, 2017, unless accelerated based on satisfaction of conditions established pursuant to the Plan.
Robert W. Lloyd for J. Powell Brown per Power of Attorney
2016-05-05