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GRACO INC — Director's Dealing 2010
Apr 6, 2010
30443_dirs_2010-04-06_d17819f1-18ce-4260-beeb-4caaa38d898f.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: 2010-04-01
Reporting Person: MORFITT MARTHA A M (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-01 | Common Stock | M | 7593 | $10.07 | Acquired | 35200 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-01 | Non-Qualified Stock Option (right to buy) | $10.07 | M | 7593 | Disposed | 2010-05-02 | Common Stock (7593) | Direct |
| 2010-04-01 | Phantom Stock Units | $ | A | 418.75 | Acquired | Common Stock (418.75) | Direct |
Footnotes
F1: Nonemployee director stock option granted pursuant to the Graco Inc. Nonemployee Director Stock Option Plan 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: The Phantom Stock Units were accrued under the Amended and Restated Graco Inc. Stock Incentive Plan (2006) and are to be settled 100% in Graco common stock in a lump sum or installments upon reporting person's termination of service on the Board.
F3: The number of Phantom Stock Units includes Phantom Stock Units acquired in unreported dividend reinvestment transactions.