Arthur J. Gallagher & Co. — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Arthur J. Gallagher & Co. (AJG)
CIK: 0000354190
Period of Report: 2020-03-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Common Stock (restricted)	A	19092	—	Acquired	37067	Direct
2020-03-16	Common Stock (restricted)	M	9546	—	Disposed	27521	Direct
2020-03-16	Common Stock	M	9546	—	Acquired	51914.4313	Direct
2020-03-16	Common Stock	F	4038	$79.85	Disposed	47876.4313	Direct
2020-03-16	Common Stock (restricted)	M	9546	$79.85	Disposed	17975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-13	Phantom Stock	$	I	6374.6	Acquired		Common Stock (6374.6)	Direct
2020-03-16	Notional Stock Units	$0	M	9546	Acquired		Common Stock (9546)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2895	Indirect

Footnotes

F1: Performance share units (awarded on March 16, 2017) earned and vested as of March 16, 2020.

F2: The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.

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

F4: 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.

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

F6: 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, 2025 and following the reporting person's separation from service.