GRACO INC — Director's Dealing 2010

Nov 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2010-10-28

Reporting Person: JOHNSON DALE D (VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-28	Common Stock	S	2000	$34.48	Disposed	34177	Direct
2010-10-28	Common Stock	S	2000	$34.5	Disposed	32177	Direct
2010-10-28	Common Stock	S	2000	$34.4502	Disposed	30177	Direct
2010-10-28	Common Stock	S	2000	$34.4445	Disposed	28177	Direct
2010-10-28	Common Stock	S	3000	$34.46	Disposed	25177	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2659.8476	Indirect

Footnotes

F1: Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.