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Filing Details

Accession Number:: 0001127602-14-027696
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-09-12 16:47:09
Reporting Period:: 2014-09-10

Filing Date:: 2014-09-12
Accepted Time:: 2014-09-12 16:47:09
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
354190	Gallagher Arthur J & Co	AJG	Insurance Agents, Brokers & Service (6411)	362151613

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1222374	K Douglas Howell	Arthur J. Gallagher &Amp; Co. Two Pierce Place Itasca IL 60143	Vp & Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-09-10	9,085	$46.18	34,602	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Notional Stock Units	Acquisiton	2014-09-10	116	$46.22	116	$0.00
Common Stock	Notional Stock Units	Acquisiton	2014-09-10	533	$46.22	533	$0.00
Common Stock	Notional Stock Units	Acquisiton	2014-09-10	454	$46.22	454	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
14,985	No	4	J	Direct
14,228	No	4	J	Direct
58,731	No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	313	Indirect	By Spouse

Footnotes

The purpose of this sale was to cover tax obligations on previously vested restricted stock units and previously exercised stock options, and expenses related to the purchase of a primary residence.
The reporting person's sale of Gallagher common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 4,247 shares, with the reporting person's allocation of amounts previously deferred in Gallagher's Supplemental Savings and Thrift Plan into the investment option representing Gallagher common stock under such plan, which resulted in his acquisition on April 16, 2014 of 4,247 notional stock units representing Gallagher common stock, at a weighted average price of $45.02 per share. The reporting person has agreed to pay to Gallagher, upon settlement of the sale, $4,926.52, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
The price reported is an average weighted price. The shares were sold in multiple transactions at prices ranging from $46.14 to $46.21. 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.
The reporting person has no voting or invesment power over these shares and disclaims beneficial ownership.
Each notional stock unit represents a right to receive one share of Gallagher common stock.
The reporting person elected to reallocate amounts previously deferred pursuant to Gallagher's Supplemental Savings and Thrift Plan into the investment option representing Gallagher stock under the plan. As a result, the reporting person is reporting the acquisition of notional stock units.
The notional stock units become payable in July 2015.
The notional stock units become payable in July 2018.
The notional stock units become payable following the reporting person's separation from service with Gallagher.