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

Mar 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2015-02-27

Reporting Person: GALLAGHER THOMAS JOSEPH (VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-27	Common Stock	M	25000	$27.25	Acquired	152532	Direct
2015-02-27	Common Stock	S	17723	$47.26	Disposed	134809	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-27	Non-qualified Stock Option	$27.25	M	25000	Disposed	2015-07-21	Common Stock (25000)	Direct

Footnotes

F1: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $47.26 to $47.27. 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 stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.