GRACO INC — Director's Dealing 2004

Jun 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2004-06-02

Reporting Person: SHEAHAN MARK W (VICE PRESIDENT AND TREASURER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-02	Common Stock	P	500	$28.88	Acquired	11187	Direct
2004-03-31	Common Stock	J	18.4685	$29.11	Acquired	346.4685	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	964	Indirect

Footnotes

F1: Dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).