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

Nov 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2015-11-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-12	Common Stock	G	7500	—	Disposed	265443	Indirect
2015-11-19	Common Stock	M	684	—	Acquired	26983.246	Direct
2015-11-19	Common Stock	F	684	$43.87	Disposed	26299.246	Direct
2015-11-20	Common Stock	J	8306	—	Acquired	34605.246	Direct
2015-11-20	Common Stock	J	13609	—	Acquired	279052	Indirect
2015-11-20	Common Stock	J	14194	—	Acquired	58173	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-19	Phantom Stock	$	M	684	Disposed		Common Stock (684)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	150000	Indirect
Common Stock	192972	Indirect

Footnotes

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

F2: Pro rata distribution from JPG Family Limited Partnership, of which the reporting person is a non-managing limited partner.

F3: Held in trust for benefit of children.

F4: Each share of phantom stock represents a right to receive one share of Gallagher common stock.

F5: 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.