Arthur J. Gallagher & Co. — Director's Dealing 2010

Feb 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2008-07-24

Reporting Person: MCGURN DAVID E JR (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-24	Common Stock	G	930	—	Disposed	131353	Direct
2008-07-24	Common Stock	G	1860	—	Disposed	129493	Direct
2009-03-24	Common Stock	G	1701	—	Disposed	127792	Direct
2009-03-24	Common Stock	G	3402	—	Disposed	124390	Direct
2009-08-31	Common Stock	G	63000	—	Disposed	61390	Direct
2009-12-15	Common Stock	G	500	—	Disposed	60890	Direct
2008-07-24	Common Stock	G	930	—	Acquired	5464	Indirect
2009-03-24	Common Stock	G	1701	—	Acquired	4898	Indirect
2009-08-31	Common Stock	G	63000	—	Acquired	63000	Indirect
2010-02-10	Common Stock	J	1735	$22.7855	Acquired	64174	Indirect

Footnotes

F1: This transaction is reported late due to an inadvertant administrative error.

F2: This Transaction involves a gift of securities by Mr. McGurn to his son, who does not share Mr. McGurn's household. Accordingly Mr. McGurn no longer has a reportable indirect beneficial ownership in shares owned by his son and reported in prior ownership reports.

F3: This transaction involves a gift of securities by Mr. McGurn in equal amounts to his two daughters. One daughter shares his household and the other does not.

F4: These securities are held by Mr. McGurn's spouse as custodian for the benefit of children under the Uniform Gift to Minor's Act. In prior ownership reports, all shares held by Mr. McGurn's spouse as custodian for their two daughters have been reported as indirectly owned by Mr. McGurn. As of this report, only those shares held for the benefit of Mr. McGurn's daughter sharing his household are reported.

F5: Dividend reinvestment pursuant to the Arthur J. Gallagher & Co. Deferred Equity Participation Plan.