Arthur J. Gallagher & Co. — Director's Dealing 2019

Dec 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTHUR J. GALLAGHER & CO. (AJG)
CIK: 0000354190
Period of Report: 2019-12-16

Reporting Person: Bay Walter D. (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-16	Common Stock	M	53300	$46.87	Acquired	67644	Direct
2019-12-16	Common Stock	F	38206	$95.35	Disposed	29438	Direct
2019-12-16	Common Stock	S	1944	$95.32	Disposed	27494	Direct
2019-12-17	Common Stock	S	13150	$95.30	Disposed	14344	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-16	Non-qualified Stock Option	$46.87	M	40000	Disposed	2021-03-12	Common Stock (40000)	Direct
2019-12-16	Non-qualified Stock Option	$46.87	M	13300	Disposed	2021-03-12	Common Stock (13300)	Direct

Footnotes

F1: The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $93.30 to $95.33. 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.