SEC Form 4 · accession 0001225208-16-030837
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Lloyd
Officer — EVP, Secy, General Counsel
Period of report
Apr 1, 2016
Accepted (ET)
Apr 4, 2016 · 5:03 pm EDT
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 valueF1,F2 | Apr 1, 2016 | F | 1,094 | $35.80 | D | 5,139 | D | |
| Common Stock, $.10 par value (PSP)F3 | holding | — | — | — | 12,124 | D | ||
| Common Stock, $.10 par value (SIP)F4 | holding | — | — | — | 41,971 | D | ||
| Common Stock, $.10 par valueF5 | holding | — | — | — | 2,972 | 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 4,000 shares of stock under the Company's Performance Stock Plan ("PSP").
- F2A 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.
- F3These 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.
- F4These 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.
- F5Based upon information supplied by the plan recordkeeper as of December 31, 2015. Number of shares varies periodically based on contributions to plan.