Brown & Brown Inc - Statement of Changes in Beneficial Ownership (4)
December 12 2007 - 2:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Expires:
January 31, 2008
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
BROWN J POWELL
|
2. Issuer Name
and
Ticker or Trading Symbol
BROWN & BROWN INC
[
BRO
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President
|
(Last)
(First)
(Middle)
220 S RIDGEWOOD AVE
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/10/2007
|
(Street)
DAYTONA BEACH, FL 32114
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock, $.10 par value
|
12/10/2007
|
|
G
|
V
|
900
|
A
|
$0
|
973815
|
D
(1)
|
|
Common Stock, $.10 par value
|
|
|
|
|
|
|
|
3413
|
I
|
Children
(2)
|
Common Stock, $.10 par value
|
|
|
|
|
|
|
|
69560
|
I
|
Stock Performance Plan
(3)
|
Common Stock, $.10 par value
|
|
|
|
|
|
|
|
12874
|
I
|
401(k) Plan
(4)
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Stock Options
(5)
|
$4.8359
|
|
|
|
|
|
|
4/21/2004
|
4/20/2010
|
Common Stock
|
20680
|
|
20680
|
D
|
|
Stock Options
(5)
|
$4.8359
|
|
|
|
|
|
|
4/21/2005
|
4/20/2010
|
Common Stock
|
20680
|
|
20680
|
D
|
|
Stock Options
(5)
|
$4.8359
|
|
|
|
|
|
|
4/21/2006
|
4/20/2010
|
Common Stock
|
17960
|
|
17960
|
D
|
|
Stock Options
(5)
|
$15.78
|
|
|
|
|
|
|
3/23/2013
|
3/24/2013
|
Common Stock
|
50000
|
|
50000
|
D
|
|
Explanation of Responses:
|
(
1)
|
A portion of these shares were previously held by Benalulua Ltd. LLC, a limited liability company, the sole owner of which was an irrevocable trust and the sole beneficiary of which was the reporting person.
|
(
2)
|
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.
|
(
3)
|
These securities were granted at various dates pursuant to the Company's Stock Performance Plan. Based on the satisfaction of conditions contained in that Plan, the reporting person has voting rights and dividend entitlements with respect to a portion of these shares, but full ownership will not vest until the satisfaction of additional conditions.
|
(
4)
|
Based upon information supplied as of 12/12/07 by the Plan's recordkeeper. Number of shares varies periodically based on contributions to plan.
|
(
5)
|
Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the "Plan"). Consideration for granted options is grantee's performance and continued service with Company as specified in the Plan.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
BROWN J POWELL
220 S RIDGEWOOD AVE
DAYTONA BEACH, FL 32114
|
X
|
|
President
|
|
Signatures
|
J. POWELL BROWN
|
|
12/12/2007
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From Sep 2023 to Sep 2024