SHERWIN WILLIAMS CO — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHERWIN WILLIAMS CO (SHW)
CIK: 0000089800
Period of Report: 2017-02-17

Reporting Person: Wells Robert J (SVP-Corp Comm & Public Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock	M	4353	$154.4325	Acquired	23158	Direct
2017-02-17	Common Stock	S	4353	$311.21	Disposed	18805	Direct
2017-02-17	Common Stock	F	840	$311.37	Disposed	17965	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-17	Employee Stock Option (Right to Buy)	$154.4325	M	1667	Disposed	2022-10-16	Common Stock (1667)	Direct
2017-02-17	Employee Stock Option (Right to Buy)	$154.4325	M	1666	Disposed	2022-10-16	Common Stock (1666)	Direct
2017-02-17	Employee Stock Option (Right to Buy)	$154.4325	M	1020	Disposed	2022-10-16	Common Stock (1020)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1651.15	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $311.21 to $311.23 inclusive. The reporting person undertakes to provide to The Sherwin-Williams Company, any security holder of The Sherwin-Williams Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F2: Of shares listed, 2,736 are restricted stock units.

F3: Represents the number of shares of common stock attributable to the reporting person's participation in The Sherwin-Williams Company Employee Stock Purchase and Savings Plan per the trustee's 12/31/2016 statement.