Arthur J. Gallagher & Co. — Director's Dealing 2015

Jun 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2015-06-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-17	Common Stock	M	2959	$27.25	Acquired	32705.633	Direct
2015-06-17	Common Stock	S	2959	$49.35	Disposed	29746.633	Direct
2015-06-19	Common Stock	M	12041	$27.25	Acquired	41787.633	Direct
2015-06-19	Common Stock	S	12041	$49.07	Disposed	29746.633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-17	Non-qualified Stock Option	$27.25	M	2959	Disposed	2015-07-20	Common Stock (2959)	Direct
2015-06-19	Non-qualified Stock Option	$27.25	M	12041	Disposed	2015-07-20	Common Stock (12041)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	323	Indirect

Footnotes

F1: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $49.01 to $49.13. The reporting person will provide to the Securities and Exchange Commission staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.

F3: The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.