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

Jan 31, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2018-01-29

Reporting Person: GALLAGHER J PATRICK JR (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-29	Common Stock	M	17762	$23.76	Acquired	49040.441	Direct
2018-01-29	Common Stock	F	9531	$69.75	Disposed	39509.441	Direct
2018-01-30	Common Stock	M	25600	$30.95	Acquired	65109.441	Direct
2018-01-30	Common Stock	F	17394	$69.53	Disposed	47715.441	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-29	Non-qualified Stock Option	$23.76	M	17762	Disposed	2018-03-05	Common Stock (17762)	Direct
2018-01-30	Non-qualified Stock Option	$30.95	M	25600	Disposed	2018-03-07	Common Stock (25600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	205965	Indirect
Common Stock	66703	Indirect
Common Stock	251083	Indirect
Common Stock	217612	Indirect

Footnotes

F1: Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.

F2: Held in trust for benefit of children.

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

F4: The stock option becomes exercisable 20% each year on the anniversary of the grant date.