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

Mar 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GALLAGHER ARTHUR J & CO (AJG)
CIK: 0000354190
Period of Report: 2019-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-14	Common Stock (restricted)	A	2825	—	Acquired	29775	Direct
2019-03-17	Common Stock (restricted)	M	10700	—	Disposed	19075	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-14	Non-qualified Stock Option	$79.59	A	14100	Acquired	2026-03-14	Common Stock (14100)	Direct
2019-03-17	Notional Stock Units	$0	M	10700	Acquired		Common Stock (10700)	Direct
2019-03-18	Phantom Stock	$	I	6275	Acquired		Common Stock (6275)	Direct

Footnotes

F1: Restricted stock unit award vesting five years after the date of grant.

F2: One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.

F3: Each notional stock unit represents a right to receive one share of Gallagher common stock.

F4: Portions of these notional stock units are payable to the reporting person in shares of common stock in July of 2019, 2020, 2021, 2022, 2023, and following the reporting person's separation from service.

F5: Each share of phantom stock represents a right to receive one share of Gallagher common stock.

F6: 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.