SEC Form 4 · accession 0001127602-17-012466

Arthur J. Gallagher & Co. · AJG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP & Chief Financial Officer

Period of report

Mar 16, 2017

Accepted (ET)

Mar 20, 2017 · 5:51 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)^F1	Mar 16, 2017	A	10,700	$0.00	A	31,606	D
Common Stock (restricted)^F2	Mar 16, 2017	A	3,700	$0.00	A	35,306	D
Common Stock	Mar 17, 2017	M	20,033	$27.94	A	57,354	D
Common Stock^F3	Mar 17, 2017	S	20,033	$56.95	D	37,321	D
Common Stock^F4	holding	—	—		—	2,300	I	By Spouse

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-qualified Stock Option^F5	$56.86	Mar 16, 2017	A	19,800	A	—	Mar 16, 2024	Common Stock	19,800	19,800	D
Non-qualified Stock Option^F6	$27.94	Mar 17, 2017	M	20,033	D	—	Oct 18, 2017	Common Stock	20,033	29,967	D

F1Earned performance share units vesting on 3/17/2019.
F2Restricted stock unit award vesting five years after the date of grant.
F3The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $56.89 to $57.09. 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.
F4The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
F5One-third of this stock option becomes exerciseable on each of the 3rd, 4th, and 5th anniversaries of the grant date.
F6The stock option becomes exercisable 10% each year, commencing January 1 after the date of grant.