GRACO INC — Director's Dealing 2016

Feb 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2016-02-23

Reporting Person: GILLIGAN J KEVIN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-23	Common Stock	M	8600	$35.16	Acquired	23967	Direct
2016-02-23	Common Stock	S	8600	$77.059	Disposed	15367	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-23	Non-qualified Stock Option (Right to Buy)	$35.16	M	8600	Disposed	2020-04-23	Common Stock (8600)	Direct

Footnotes

F1: Nonemployee director stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in a 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.