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

Mar 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2017-03-28

Reporting Person: Hudson Scott R (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-28	Phantom Stock	$	I	6197	Acquired		Common Stock (6197)	Direct

Footnotes

F1: Each share of phantom stock represents a right to receive one share of Gallagher common stock.

F2: 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.