SEC Form 4 · accession 0001127602-16-068029
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
Nov 21, 2016
Accepted (ET)
Nov 22, 2016 · 1:50 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 | Nov 21, 2016 | M | 380 | $0.00 | A | 114,267 | D | |
| Common Stock | Nov 21, 2016 | F | 380 | $51.48 | D | 113,887 | D | |
| Common StockF1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F3 | — | Nov 21, 2016 | M | 380 | D | — | — | Common Stock | 380 | 36,075 | D |
Explanation of responses
- F1The 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.
- F2Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F3These 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.
Remarks
This report is being filed to reflect an accelerated distribution under the Age 62 Plan to cover applicable taxes in connection with a vesting event.