SEC Form 4 · accession 0001127602-15-007755
Arthur J. Gallagher & Co. · AJG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Gault
Officer — Vice President
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:25 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 19, 2015 | M | 35,000 | $27.25 | A | 134,525 | D | |
| Common StockF1 | Feb 19, 2015 | S | 25,109 | $48.42 | D | 109,416 | D | |
| Common StockF2 | holding | — | — | — | 48,708 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock OptionF3 | $27.25 | Feb 19, 2015 | M | 35,000 | D | — | Jul 20, 2015 | Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $48.41 to $48.48. 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.
- F2The reporting person disclaims beneficial ownership of these securities pursuant to Rule 16a-1(a)(4). This report shall not be deemed an admission that the reporting person is, for purposes of Section 16 or otherwise, the beneficial owner of such securities.
- F3The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.