W.W. GRAINGER, INC. — Director's Dealing 2005

Oct 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2005-10-24

Reporting Person: HOBOR NANCY A (Sr VP-Communications & Inv Rel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-24	Common Stock	M	1160	$42.8125	Acquired	30560	Direct
2005-10-24	Common Stock	M	7100	$43.5	Acquired	37660	Direct
2005-10-24	Common Stock	M	1070	$43.5	Acquired	38730	Direct
2005-10-24	Common Stock	S	8530	$65.31	Disposed	30200	Direct
2005-10-24	Common Stock	S	300	$65.39	Disposed	29900	Direct
2005-10-24	Common Stock	S	500	$65.44	Disposed	29400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-10-24	Option	$42.8125	M	1160	Disposed	2010-02-28	Common Stock (1160)	Direct
2005-10-24	Option	$43.50	M	7100	Disposed	2010-04-25	Common Stock (7100)	Direct
2005-10-24	Option	$43.50	M	1070	Disposed	2010-04-25	Common Stock (1070)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$37.50	2011-04-24	Common Stock (20000)	20000	Direct
Option	$37.50	2011-04-24	Common Stock (710)	710	Direct
Option	$54.61	2012-04-23	Common Stock (15000)	15000	Direct
Option	$45.50	2013-04-29	Common Stock (15000)	15000	Direct
Option	$54.14	2014-04-27	Common Stock (9000)	9000	Direct
Option	$52.29	2015-04-26	Common Stock (8000)	8000	Direct

Footnotes

F1: Exercisable in four equal annual installments beginning 4/26/2001.