SEC Form 4 · accession 0001600662-17-000003
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Andrew Watts
Officer — EVP, CFO and Treasurer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 17, 2017 · 5:06 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 valueF1,F2 | Feb 17, 2017 | F | 5,118 | $43.76 | D | 13,272 | D | |
| Common Stock, $.10 par value (SIP)F3 | holding | — | — | — | 23,035 | D |
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 16,047 shares of stock under the Company's 2010 Stock Incentive Plan ("SIP").
- 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 2010 SIP 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 service-based conditions. This amount does not include 26,000 shares that were granted on March 25, 2014 pursuant to the SIP that have not yet satisfied the performance-based conditions established in connection with this grant.