GRACO INC — Director's Dealing 2003

Dec 12, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2003-12-10

Reporting Person: GRANER JAMES A (VICE PRESIDENT AND CONTROLLER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-10	Common Stock	G	273	—	Disposed	36797	Direct
2003-06-30	Common Stock	J	1.3145	—	Acquired	1762.65	Indirect
2003-09-30	Common Stock	J	0.016	—	Acquired	1762.666	Indirect

Footnotes

F1: Bona fide gift

F2: Dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).