SEC Form 4 · accession 0001225208-16-035667
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Freebourn
Officer — EVP and People Officer
Period of report
Jun 24, 2016
Accepted (ET)
Jun 27, 2016 · 5:01 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 | Jun 24, 2016 | S | 27,569 | $35.6917 | D | 0 | I | By 401k |
| Common Stock, $.10 par valueF2 | holding | — | — | — | 3,518 | D | ||
| Common Stock, $.10 par value (Jointly Owned)F3 | holding | — | — | — | 55,613 | D | ||
| Common Stock, $.10 par value (PSP)F4 | holding | — | — | — | 1,512 | D | ||
| Common Stock, $.10 par value (SIP)F5 | holding | — | — | — | 17,528 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Based upon information supplied by the Plan recordkeeper on June 27, 2016. Number of shares varies periodically based on contributions to plan.
- 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.
- F3Owned jointly with spouse.
- 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 ("SIP"). Full ownership will not vest until the satisfaction of additional conditions established in connection with these grants. This amount does not include 20,937 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.