0001225208-16-042308.txt : 20161128
0001225208-16-042308.hdr.sgml : 20161128
20161128171206
ACCESSION NUMBER: 0001225208-16-042308
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161123
FILED AS OF DATE: 20161128
DATE AS OF CHANGE: 20161128
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: 162020598
MAIL ADDRESS:
STREET 1: 13842 DRIFTWOOD DR
CITY: CARMEL
STATE: IN
ZIP: 46033
4
1
doc4.xml
X0306
4
2016-11-23
0000079282
BROWN & BROWN INC
BRO
0001180023
PENNY JEROME SCOTT
220 S. RIDGEWOOD AVE.
DAYTONA BEACH
FL
32114
1
EVP,Chief Acquisitions Officer
Common Stock, $.10 par value (Jointly Owned)
2016-11-23
4
S
0
15000.0000
42.6394
D
158989.0000
D
Common Stock, $.10 par value
35444.0000
D
Common Stock, $.10 par value (PSP)
38348.0000
D
Common Stock, $.10 par value (SIP)
82227.0000
D
Common Stock, $.10 par value
9390.0000
I
By 401k
Common Stock, $.10 par value
96.0000
I
Children
Stock Options
18.4800
2017-11-26
2018-02-26
Common Stock, $.10 par value
20000.0000
20000.0000
D
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.62 to $42.76, inclusive. The Reporting Person undertakes to provide Brown & Brown, Inc., any security holder of Brown & Brown, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Owned jointly with spouse.
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 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 2010 Stock Incentive Plan ("SIP"). Full ownership will not vest until the satisfaction of performance-based conditions established in connection with this grant. This amount does not include 37,221 shares that were granted on July 1, 2013 pursuant to the SIP that have not yet satisfied the performance-based conditions established in connectin with this grant.
Based upon information supplied by the plan recordkeeper as of March 29, 2016. Number of shares varies periodically based on contributions to plan.
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.
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.
J. Scott Penny
2016-11-28