=============================================================================== 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, 2011 Check here if Amendment [X]; Amendment Number: 1 This Amendment (Check only one.): [X] 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 September 8, 2011 ------------------------ -------------------- ----------------------- [Signature] [City, State] [Date] Explanatory Note: Due to an inadvertent administrative error, the Form 13F filed by this reporting manager on August 12, 2011 did not contain updated figures related to the holdings in Kaiser Aluminum Corporation and PPG Industries Inc. This restated filing contains the updated figures. 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: ================================================================================ Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 4 Form 13F Information Table Value Total: $ 407,048 (thousands) 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- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 SHRS NAME OF ISSUER TITLE OF VALUE OR PRN SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY CLASS CUSIP (x$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE Franklin Resources Inc. COM 354613101 113069 861213 SH DEFINED 1, 2 861213 Kaiser Aluminum Corporation COM 483007704 102255 2202495 SH DEFINED 1, 2 2202495 PPG Industries Inc. COM 693506107 163813 1804305 SH DEFINED 1, 2 1804305 Solutia Inc. COM 834376501 27911 1221493 SH DEFINED 1, 2 1221493