SEC Form 4 · accession 0001127602-17-033821
Arthur J. Gallagher & Co. · AJG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Durkin Jr.
Officer — Vice President
Period of report
Nov 30, 2017
Accepted (ET)
Dec 4, 2017 · 4:46 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 30, 2017 | M | 403 | $0.00 | A | 303,720 | D | |
| Common Stock | Nov 30, 2017 | F | 403 | $65.63 | D | 303,317 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Nov 30, 2017 | M | 403 | D | — | — | Common Stock | 403 | 187,515 | D |
Explanation of responses
- F1Each share of phantom stock represents a right to receive one share of Gallagher common stock.
- F2These 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.