SEC Form 4 · accession 0001225208-16-028780
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Freebourn
Officer — People Officer
Period of report
Feb 27, 2016
Accepted (ET)
Mar 1, 2016 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000079282
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.10 par value (Jointly Owned)F2 | Feb 27, 2016 | F | 60 | $32.45 | D | 47,931 | D | |
| Common Stock, $.10 par valueF3 | holding | — | — | — | 3,518 | D | ||
| Common Stock, $.10 par value (PSP)F4 | holding | — | — | — | 1,512 | D | ||
| Common Stock, $.10 par value (SIP)F5 | holding | — | — | — | 58,439 | D | ||
| Common Stock, $.10 par valueF6 | holding | — | — | — | 25,887 | I | By 401k |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the vesting of 216 shares under the Company's Performance Stock Plan ("PSP").
- F2Owned jointly with spouse.
- F3A total of 939 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2015. A total of 955 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2014. A total of 1,512 of these shares were acquired through the Company's Employee Stock Purchase Plan in July 2012. Number of shares may vary due to dividend reinvestment.
- F4These 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 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.
- F5These securities were granted pursuant to the Company's 2010 Stock Incentive Plan. The Reporting Person has voting rights and dividend entitlement with respect to a portion of these shares, but full ownership will not vest until the satisfaction of additional conditions.
- F6Based upon information supplied by the Plan recordkeeper. Number of shares varies periodically based on contributions to plan.