GRACO INC — Director's Dealing 2018

Mar 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2018-03-12

Reporting Person: CARROLL WILLIAM J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-12	Common Stock	S	5325	$46.7628	Disposed	60984	Direct
2018-03-13	Common Stock	M	21300	$15.0267	Acquired	82284	Direct
2018-03-13	Common Stock	S	21300	$46.6464	Disposed	60984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-13	Non-qualified Stock Option (Right to Buy)	$15.0267	M	21300	Disposed	2021-04-21	Common Stock (21300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6660	Indirect

Footnotes

F1: The price reported in column 4 is a weighted average price. The shares were sold at prices ranging from $46.75 to $46.77, inclusive. The reporting person undertakes to provide Graco Inc., and security holder of Graco Inc. or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.

F2: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $46.31 to $46.96, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.

F3: 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.