GRACO INC — Director's Dealing 2005

Mar 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2005-03-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-01	Common Stock	J	859	$24.74	Acquired	87081	Direct
2005-03-18	Common Stock	S	1000	$39.46	Disposed	86081	Direct
2005-03-18	Common Stock	S	2000	$39.47	Disposed	84081	Direct
2005-03-18	Common Stock	S	2000	$39.48	Disposed	82081	Direct
2005-03-18	Common Stock	S	2000	$39.49	Disposed	80081	Direct
2005-03-18	Common Stock	S	5000	$39.5	Disposed	75081	Direct
2005-03-18	Common Stock	S	3000	$39.51	Disposed	72081	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2802.215	Indirect

Footnotes

F1: Shares acquired under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.