GRACO INC — Director's Dealing 2008

Mar 3, 2008

SEC Form 3/A — Form 3/A

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2008-02-15

Reporting Person: Johnson Jeffrey P. (Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$41.36	2017-02-16	Common Stock (1500)		Direct

Footnotes

F1: Employee stock option granted pursuant to the Amended and Restated Graco Inc. Stock Incentive Plan (2006) in transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.

F2: No consideration was paid for this option.