SEC Form 4 · accession 0001127602-15-004804
Arthur J. Gallagher & Co. · AJG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter D. Bay
Officer — General Counsel
Period of report
Feb 5, 2015
Accepted (ET)
Feb 6, 2015 · 3:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000354190
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 5, 2015 | S | 7,843 | $46.50 | D | 771 | D | |
| Common Stock (restricted) | holding | — | — | — | 18,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | holding | — | — | — | — | — | Common Stock | 38,916 | 38,916 | D |
| Notional Stock UnitsF3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 16,089 | 16,089 | D |
Explanation of responses
- F1Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F2These 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.
- F3Each notional stock unit represents a right to receive one share of Gallagher common stock.
- F4The notional stock units become payable following the reporting person's separation from service with Gallagher.