GRACO INC — Director's Dealing 2007

Aug 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2007-08-08

Reporting Person: GRANER JAMES A (CFO and TREASURER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-08	Common Stock	S	5000	$46	Disposed	64527	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2902.2691	Indirect