<SEC-DOCUMENT>0001225208-12-025841.txt : 20121221
<SEC-HEADER>0001225208-12-025841.hdr.sgml : 20121221
<ACCEPTANCE-DATETIME>20121221153442
ACCESSION NUMBER:		0001225208-12-025841
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121219
FILED AS OF DATE:		20121221
DATE AS OF CHANGE:		20121221

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PENNY JEROME SCOTT
		CENTRAL INDEX KEY:			0001180023

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13619
		FILM NUMBER:		121281173

	MAIL ADDRESS:	
		STREET 1:		13842 DRIFTWOOD DR
		CITY:			CARMEL
		STATE:			IN
		ZIP:			46033

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN & BROWN INC
		CENTRAL INDEX KEY:			0000079282
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				590864469
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601
		BUSINESS PHONE:		8132224182

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & BROWN INC
		DATE OF NAME CHANGE:	19930827

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & ASSOCIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
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        <issuerName>BROWN &amp; BROWN INC</issuerName>
        <issuerTradingSymbol>BRO</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>PENNY JEROME SCOTT</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>220 S. RIDGEWOOD AVE.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DAYTONA BEACH</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>32114</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <officerTitle>Regional President</officerTitle>
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    <footnotes>
        <footnote id="F1">Number of shares may vary due to dividend reinvestment.</footnote>
        <footnote id="F2">Shares were withheld by the Company solely to cover the income tax withholding requirements associated with the exercise of options for 94,656 shares under the Company's 2000 Incentive Stock Option Plan.</footnote>
        <footnote id="F3">These securities were surrendered in payment of the exercise price of options for 94,656 shares under the Company's 2000 Incentive Stock Option Plan.</footnote>
        <footnote id="F4">Owned jointly with spouse.</footnote>
        <footnote id="F5">These securities were granted pursuant to the Company's Performance Stock Plan (&quot;PSP&quot;). 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.</footnote>
        <footnote id="F6">These securities were granted pursuant to the Company's 2010 Stock Incentive Plan (&quot;SIP&quot;). Full ownership will not vest until the satisfaction of performance-based conditions established in connection with this grant.</footnote>
        <footnote id="F7">Based upon information supplied by the Plan recordkeeper.  Number of shares varies periodically based on contributions to plan.</footnote>
        <footnote id="F8">Reporting Person disclaims beneficial ownership in shares owned by children who share Reporting Person's household.  This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.</footnote>
        <footnote id="F9">Granted by the Compensation Committee of the Board of Directors pursuant to the Company's 2000 Incentive Stock Option Plan (the &quot;Plan&quot;).</footnote>
        <footnote id="F10">These options vest and become exercisable on 11/26/17, unless accelerated based on satisfaction of conditions established pursuant to the Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>J. Scott Penny</signatureName>
        <signatureDate>2012-12-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
