SHERWIN WILLIAMS CO — Director's Dealing 2017

Jan 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHERWIN WILLIAMS CO (SHW)
CIK: 0000089800
Period of Report: 2017-01-06

Reporting Person: KROPF SUSAN J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-06	Phantom Stock	$	A	103.05	Acquired		Common Stock (103.05)	Direct

Footnotes

F1: Represents the number of shares of phantom stock acquired by the reporting person (in an exempt transaction) under the Director Deferred Fee Plan. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash generally upon the reporting person's retirement.

F2: Includes phantom stock acquired pursuant to the dividend reinvestment feature of the plan.