Arthur J. Gallagher & Co. — Director's Dealing 2013

Feb 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2013-02-12

Reporting Person: CARY RICHARD C (Controller, CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-12	Common Stock	M	208	$24.90	Acquired	27378.881	Direct
2013-02-12	Common Stock	S	208	$38.00	Disposed	27170.881	Direct
2013-02-13	Common Stock	M	792	$24.90	Acquired	27962.881	Direct
2013-02-13	Common Stock	S	792	$38.00	Disposed	27170.881	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-12	Non-qualified Stock Option	$24.90	M	208	Disposed	2013-07-16	Common Stock (208)	Direct
2013-02-13	Non-qualified Stock Option	$24.90	M	792	Disposed	2013-07-16	Common Stock (792)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22678	Indirect
Common Stock (restricted)	3641	Direct

Footnotes

F1: The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.