SEC Form 4 · accession 0001127602-16-046983
Arthur J. Gallagher & Co. · AJG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan E Pietrucha
Officer — Chief Human Resources Officer
Period of report
Mar 16, 2016
Accepted (ET)
Mar 18, 2016 · 7:14 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 (restricted) | Mar 16, 2016 | M | 4,900 | $42.97 | D | 13,691 | D | |
| Common Stock | Mar 16, 2016 | M | 4,900 | $42.97 | A | 4,900 | D | |
| Common Stock | Mar 16, 2016 | F | 1,520 | $42.97 | D | 3,380 | D | |
| Common Stock (restricted) | Mar 17, 2016 | A | 4,600 | $0.00 | A | 18,291 | D |
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 OptionF1 | $43.71 | Mar 17, 2016 | A | 14,900 | A | — | Mar 17, 2023 | Common Stock | 14,900 | 14,900 | D |
| Phantom StockF3,F2,F4 | — | Mar 18, 2016 | A | 6,969 | A | — | — | Common Stock | 6,969 | 53,814 | D |
Explanation of responses
- F1One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
- F2Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F3The reported transaction resulted from the Company's allocation of an award to the reporting person under the Company's Age 62 Plan.
- F4These 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.