GRACO INC — Director's Dealing 2014

Aug 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2014-08-26

Reporting Person: O'Shea Peter J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-26	Common Stock	M	300	$34.02	Acquired	611.338	Direct
2014-08-26	Common Stock	S	300	$77.98	Disposed	311.338	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-26	Non-qualified Stock Option (Right to Buy)	$34.02	M	300	Disposed	2014-10-20	Common Stock (300)	Direct

Footnotes

F1: The total number of stock units reported includes stock units acquired in unreported dividend reinvestment transactions.

F2: Employee stock option granted pursuant to the Employee Stock Incentive Plan in a transaction exempt under Rule 16b-3.