GRACO INC — Director's Dealing 2020

Jul 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRACO INC (GGG)
CIK: 0000042888
Period of Report: 2020-07-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-27	Common Stock	M	184575	$24.9334	Acquired	382163.6617	Direct
2020-07-27	Common Stock	S	184575	$54.211	Disposed	197588.6617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-27	Non-qualified Stock Option (Right to Buy)	$24.9334	M	184575	Disposed	2024-02-14	Common Stock (184575)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2306.6925	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $54.05 to $54.62, 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.

F2: The number of ESOP Stock Units includes ESOP Stock Units acquired in unreported dividend reinvestment transactions.

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.