SEC Form 4 · accession 0001127602-16-046979
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
Mar 16, 2016
Accepted (ET)
Mar 18, 2016 · 7:08 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 StockF1 | Mar 15, 2016 | G | 7,500 | $0.00 | D | 271,552 | I | By Spouse |
| Common StockF2 | Mar 15, 2016 | G | 4,000 | $0.00 | A | 196,972 | I | By Trust |
| Common Stock (restricted) | Mar 16, 2016 | M | 7,950 | $42.97 | D | 33,364 | D | |
| Common Stock | Mar 16, 2016 | M | 7,950 | $42.97 | A | 42,560 | D | |
| Common Stock | Mar 16, 2016 | F | 3,634 | $42.97 | D | 38,926 | D | |
| Common Stock | holding | — | — | — | 58,173 | I | By Irrevocable Trust | |
| Common Stock | holding | — | — | — | 150,000 | I | By Corporation |
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 | $43.71 | Mar 17, 2016 | A | 62,900 | A | — | Mar 17, 2023 | Common Stock | 62,900 | 62,900 | D |
| Phantom StockF5,F4,F6 | — | Mar 18, 2016 | A | 20,907 | A | — | — | Common Stock | 20,907 | 71,401 | D |
Explanation of responses
- F1Shares held in revocable trust of which my spouse is sole Trustee and as to which I disclaim beneficial ownership.
- F2Held in trust for benefit of children.
- F3One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F4Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F5The reported transaction resulted from the Company's allocation of an award to the reporting person under the Company's Age 62 Plan.
- F6These 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.