UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 Check here if Amendment; Amendment Number: [ ] This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Arthur J. Gallagher & Co. Address: Two Pierce Place Itasca, Illinois 60143 Form 13F File Number: 28-14530 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: April J. Hanes-Dowd Title: Assistant Secretary Phone: (630) 773-3800 Signature, Place, and Date of Signing: /s/ April J. Hanes-Dowd Itasca, Illinois August 131, 2012 ----------------------- ------------------ ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s)). [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s)). List of Other Managers Reporting for this Manager: None. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 ----------------- Form 13F Information Table Entry Total: 8 ----------------- Form 13F Information Table Value Total: $ 379,366 ---------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 28-14533 Gallagher Fiduciary Advisors, LLC 2 28-14532 Gallagher Benefit Services, Inc. -2- June 30, 2012 FORM 13F INFORMATION TABLE Voting Authority ---------------- Title of Value Shares/ Sh/ Put/ Investment Other Name of Issuer Class CUSIP (x$1000) Prn Amt Prn Call Discretion Managers Sole Shared None -------------- ----- ----- -------- ------- --- ---- ----------- -------- ---- ------ ---- Clear Channel Outdoor Holdings CL A 18451C109 1,488 247,199 SH DEFINED 1, 2 247,199 General Motors Company COM 37045V100 7,596 385,191 SH DEFINED 1, 2 311,047 74,144 General Motors Company W EXP 37045V118 13,855 1,257,254 SH DEFINED 1, 2 1,015,453 241,801 7/10/2016 General Motors Company W EXP 37045V126 23,206 3,421,154 SH DEFINED 1, 2 2,763,123 658,031 7/10/2019 Franklin Resources Inc. COM 354613101 96,770 871,876 SH DEFINED 1, 2 871,876 Kaiser Aluminum Corporation COM 483007704 39,278 881,010 SH DEFINED 1, 2 881,010 Kaman Corp. COM 483548103 5,700 184,210 SH DEFINED 1, 2 184,210 PPG Industries Inc. COM 693506107 191,473 1,804,305 SH DEFINED 1, 2 1,804,305 REPORT SUMMARY 8 DATA RECORDS $379,366 ALL OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED - 2