SEC Form 4 · accession 0001127602-15-026356
Arthur J. Gallagher & Co. · AJG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Patrick Gallagher Jr.
Officer — President & CEO · Director
Period of report
Aug 28, 2015
Accepted (ET)
Sep 1, 2015 · 4:10 pm EDT
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 | Jul 31, 2015 | G | 210 | $0.00 | A | 177,009 | D | |
| Common Stock | Aug 21, 2015 | G | 42,700 | $0.00 | A | 43,979 | I | By Irrevocable Trust |
| Common Stock | Aug 28, 2015 | G | 74,714 | $0.00 | D | 102,295 | D | |
| Common StockF1 | Aug 28, 2015 | G | 74,714 | $0.00 | A | 196,943 | I | By Spouse |
| Common StockF2 | Aug 28, 2015 | J | 76,000 | $47.19 | D | 26,295 | D | |
| Common StockF2,F1 | Aug 28, 2015 | J | 76,000 | $47.19 | A | 272,943 | I | By Spouse |
| Common Stock | holding | — | — | — | 150,000 | I | By Corporation | |
| Common StockF3 | holding | — | — | — | 192,972 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
- F2Mr. Gallagher transferred these shares to the Family Trust under the J. Patrick Gallagher, Jr. 2002 GRAT, of which his wife is the sole trustee, in exchange for a promissory note. The principal amount of the note was based on a price per share of $47.19. The note provides for the payment of interest at an annual rate of 1.82%. The outstanding principal, along with any accrued and unpaid interest, is due and payable on July 31, 2024.
- F3Held in trust for benefit of children.