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

Dec 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2014-12-12

Reporting Person: GALLAGHER J PATRICK JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-07	Common Stock	G	7000	—	Disposed	92839	Indirect
2014-10-07	Common Stock	G	3500	—	Acquired	194472	Indirect
2014-10-09	Common Stock	G	1025	—	Disposed	91814	Indirect
2014-11-07	Common Stock	G	14585	—	Disposed	77229	Indirect
2014-12-12	Common Stock	M	226558	—	Acquired	317346.973	Direct
2014-12-12	Common Stock	F	104432	$48.56	Disposed	212914.973	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-12	Phantom Stock	$	M	226558	Disposed		Common Stock (226558)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	150000	Indirect
Common Stock	1279	Indirect

Footnotes

F1: Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.

F2: Held in trust for benefit of children.

F3: Each share of phantom stock represents a right to receive one share of Gallagher common stock.

F4: These shares represent awards under the Age 62 Plan, a nonqualified deferred compensation plan of the Company, which have been deemed invested in Company common stock at the election of the reporting person. Participants vest in these awards when they attain age 62, or after a one-year period for participants who have attained age 61.