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

May 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2019-04-30

Reporting Person: CARY RICHARD C (Controller, CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-30	Common Stock	M	2133	$46.87	Acquired	35193	Direct
2019-04-30	Common Stock	S	2133	$83.35	Disposed	33060	Direct
2019-04-30	Common Stock	M	1800	$46.17	Acquired	34860	Direct
2019-04-30	Common Stock	S	1800	$83.50	Disposed	33060	Direct
2019-04-30	Common Stock	M	2201	$43.71	Acquired	35261	Direct
2019-04-30	Common Stock	S	2201	$83.60	Disposed	33060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-30	Non-qualified Stock Option	$46.87	M	2133	Disposed	2021-03-12	Common Stock (2133)	Direct
2019-04-30	Non-qualified Stock Option	$46.17	M	1800	Disposed	2022-03-11	Common Stock (1800)	Direct
2019-04-30	Non-qualified Stock Option	$43.71	M	2201	Disposed	2023-03-17	Common Stock (2201)	Direct

Footnotes

F1: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.