GRACO INC — Director's Dealing 2020

Oct 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2020-10-27

Reporting Person: MCHALE PATRICK J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-27	Common Stock	M	85517	$24.7934	Acquired	283635.4351	Direct
2020-10-27	Common Stock	S	82734	$62.8307	Disposed	200901.4351	Direct
2020-10-27	Common Stock	S	2783	$63.4122	Disposed	198118.4351	Direct
2020-10-27	Common Stock	M	134360	$23.8467	Acquired	332478.4351	Direct
2020-10-27	Common Stock	S	128444	$62.8259	Disposed	204034.4351	Direct
2020-10-27	Common Stock	S	5916	$63.3642	Disposed	198118.4351	Direct
2020-10-28	Common Stock	M	1958	$24.7934	Acquired	200076.4351	Direct
2020-10-28	Common Stock	S	1958	$62.0939	Disposed	198118.4351	Direct
2020-10-28	Common Stock	M	3072	$23.8467	Acquired	201190.4351	Direct
2020-10-28	Common Stock	S	3072	$62.0939	Disposed	198118.4351	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-27	Non-qualified Stock Option (Right to Buy)	$24.7934	M	85517	Disposed	2025-02-13	Common Stock (85517)	Direct
2020-10-27	Non-qualified Stock Option (Right to Buy)	$23.8467	M	134360	Disposed	2026-02-12	Common Stock (134360)	Direct
2020-10-28	Non-qualified Stock Option (Right to Buy)	$24.7934	M	1958	Disposed	2025-02-13	Common Stock (1958)	Direct
2020-10-28	Non-qualified Stock Option (Right to Buy)	$23.8467	M	3072	Disposed	2026-02-12	Common Stock (3072)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2314.114	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.2371 to $63.2365, 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.

F2: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $63.24 to $63.92, inclusive. The reporting person undertakes to provide to 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 with the range set forth in the footnote.

F3: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.2134 to $63.2106, 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.

F4: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $63.22 to $63.92, 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.

F5: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $62.0002 to $62.3786, 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.

F6: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $61.9996 to $62.3809, 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.

F7: Included in the amount reported are shares acquired under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.

F8: Included in this number are dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).

F9: Employee stock option granted pursuant to the Graco Inc. 2010 Stock Incentive 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.

F10: Employee stock option granted pursuant to the Graco Inc. 2015 Stock Incentive 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.