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

Jul 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2014-07-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-24	Common Stock	M	19618	—	Acquired	49965.336	Direct
2014-07-24	Common Stock	F	6278	$46.60	Disposed	43687.336	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-24	Notional Stock Units	$0	M	19618	Disposed		Common Stock (19618)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	313	Indirect

Footnotes

F1: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.

F2: Each notional stock unit represents a right to receive one share of Gallagher common stock.

F3: The notional stock units become payable in July 2014.