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

Feb 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2015-02-20

Reporting Person: CARY RICHARD C (Controller, CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-20	Common Stock	M	3237	$24.13	Acquired	31797	Direct
2015-02-20	Common Stock	M	1000	$27.25	Acquired	32797	Direct
2015-02-20	Common Stock	M	2280	$30.95	Acquired	28560	Direct
2015-02-20	Common Stock	S	6517	$48.47	Disposed	26280	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-20	Non-qualified Stock Option	$27.25	M	1000	Disposed	2015-07-20	Common Stock (1000)	Direct
2015-02-20	Non-qualified Stock Option	$30.95	M	2280	Disposed	2018-03-07	Common Stock (2280)	Direct
2015-02-20	Non-qualified Stock Option	$24.13	M	3237	Disposed	2017-03-02	Common Stock (3237)	Direct

Footnotes

F1: The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.

F2: The stock option becomes exercisable 20% each year on the anniversary of the grant date.

F3: The stock option becomes exercisable 20% each year on the anniversary of the grant date.