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

Jul 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2014-07-09

Reporting Person: GALLAGHER THOMAS JOSEPH (VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-09	Common Stock	F	8042	$46.64	Disposed	115824	Direct
2014-07-09	Common Stock	M	10000	$29.42	Acquired	125824	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-09	Non-qualified Stock Option	$29.42	M	10000	Disposed	2014-07-22	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9102	Indirect
Common Stock	82560	Indirect
Common Stock	427	Indirect
Common Stock	31671	Indirect
Common Stock	55280	Indirect

Footnotes

F1: These shares are held by the reporting person's son and daughter sharing his household.

F2: The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

F3: These shares are held in trusts, for the benefit of the reporting person's children, of which his wife is a trustee.

F4: The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.