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GRACO INC Director's Dealing 2006

Sep 18, 2006

30443_dirs_2006-09-18_f4b17197-6b45-4850-89e3-7c451e5cc405.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2006-09-15

Reporting Person: CARROLL WILLIAM J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-09-15 Common Stock G 740 Disposed 15080 Direct
2006-09-15 Common Stock G 740 Disposed 14340 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1480 Indirect

Footnotes

F1: Bona fide gift

F2: Margaret Rose Carroll Trust. These shares are held in a trust for the benefit of the reporting person's grandchildren. The reporting person's spouse is the trustee of the trust.

F3: Sarah Maureen Carroll Trust. These shares are held in a trust for the benefit of the reporting person's grandchildren. The reporting person's spouse is the trustee of the trust.