Arthur J. Gallagher & Co. — Director's Dealing 2017

Aug 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2017-08-01

Reporting Person: Pietrucha Susan E (Chief Human Resources Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-01	Common Stock	M	2799	$35.71	Acquired	3252.8534	Direct
2017-08-01	Common Stock	M	4133	$39.17	Acquired	7385.8534	Direct
2017-08-01	Common Stock	S	6932	$59.28	Disposed	453.8534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-01	Non-qualified Stock Option	$35.71	M	2799	Disposed	2019-03-16	Common Stock (2799)	Direct
2017-08-01	Non-qualified Stock Option	$39.17	M	4133	Disposed	2020-03-13	Common Stock (4133)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (restricted)	18641	Direct

Footnotes

F1: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $59.27 to $59.30. 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: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.