Arthur J. Gallagher & Co. — Director's Dealing 2018

Feb 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2018-02-15

Reporting Person: HOWELL DOUGLAS K (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-15	Common Stock	M	5000	$30.95	Acquired	42799.5605	Direct
2018-02-15	Common Stock	S	5000	$68.67	Disposed	37799.5605	Direct
2018-02-15	Common Stock	M	5800	$23.76	Acquired	43599.5605	Direct
2018-02-15	Common Stock	S	5800	$68.99	Disposed	37799.5605	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-15	Non-qualified Stock Option	$30.95	M	5000	Disposed	2018-03-07	Common Stock (5000)	Direct
2018-02-15	Non-qualified Stock Option	$23.76	M	5800	Disposed	2018-03-05	Common Stock (5800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2300	Indirect

Footnotes

F1: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.

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.