GRACO INC — Director's Dealing 2005

Sep 21, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2005-09-06

Reporting Person: Paulis Simon J (Vice President & GM, Europe)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1288.476	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-qualified stock option (right to buy)	$17.97	2012-06-24	Common Stock (6750)		Direct
Non-qualified Stock Option (right to buy)	$27.91	2014-02-19	Common Stock (6750)		Direct

Footnotes

F1: Stock option granted pursuant to the Graco Inc. Stock Incentive Plan in a transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual intallments, commencing one year after the date of the grant.