SEC Form 4 · accession 0001757909-18-000012
BROWN & BROWN, INC. · BRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Charles Hays
Director
Period of report
Nov 15, 2018
Accepted (ET)
Nov 16, 2018 · 5:01 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 | Nov 15, 2018 | A | 337,610 | $0.00 | A | 337,610 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were received as a portion of the purchase price in connection with that certain Asset Purchase Agreement (the "Purchase Agreement"), dated as of October 22, 2018, by and among the Company, BBHG, Inc., a Florida corporation and wholly owned subsidiary of the Company, The Hays Group, Inc., a Minnesota corporation ("THG"), and certain of THG's affiliates (collectively, the "Sellers"), and THG, as the Sellers' Representative. The number of shares was calculated based on a price of $29.62, the average closing price of the Company's Common Stock, $.10 par value, on the New York Stock Exchange over the thirty (30)-day period prior to the date of the Purchase Agreement.