Arthur J. Gallagher & Co. — Director's Dealing 2014

Mar 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2014-03-26

Reporting Person: HOWELL DOUGLAS K (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-26	Common Stock	M	3756	$33.28	Acquired	25911.687	Direct
2014-03-26	Common Stock	F	3006	$47.34	Disposed	22905.687	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-26	Non-qualified Stock Option	$33.28	M	3756	Disposed	2014-03-31	Common Stock (3756)	Direct

Footnotes

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