SEC Form 4 · accession 0001225208-16-039573
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
Sep 20, 2016
Accepted (ET)
Sep 21, 2016 · 5:52 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 | Sep 20, 2016 | S | 2,971 | $37.315 | D | 0 | I | By 401k |
| Common Stock, $.10 par valueF2 | holding | — | — | — | 5,994 | D | ||
| Common Stock, $.10 par value (PSP)F3 | holding | — | — | — | 12,124 | D | ||
| Common Stock, $.10 par value (SIP)F4 | holding | — | — | — | 25,687 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Based upon information supplied by the plan recordkeeper. Number of shares varies periodically based on contributions to plan.
- F2A 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.
- F3These 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.
- F4These 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 this grant. This amount does not include 16,284 shares that were granted on July 1, 2013 pursuant to the SIP that have not yet statisfied the performance-based conditions established in connection with this grant.