GRACO INC — Director's Dealing 2020

Oct 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2020-10-16

Reporting Person: Zumbolo Brian J (President, Asia Pacific)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-16	Common Stock	M	54000	$19.58	Acquired	82232.6517	Direct
2020-10-16	Common Stock	S	54000	$66.00	Disposed	28232.6517	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-16	Non-qualified Stock Option (Right to Buy)	$19.58	M	54000	Disposed	2023-02-15	Common Stock (54000)	Direct

Footnotes

F1: Sale pursuant to a 10b5-1 Trading Plan dated September 9, 2020.

F2: Included in the amount reported are shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.

F3: 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.