W.W. GRAINGER, INC. — Director's Dealing 2006

Nov 13, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2006-11-03

Reporting Person: JADIN RONALD L (Vice President & Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13850	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$44.25	2008-10-28	Common Stock (8000)		Indirect
Option	$48.625	2009-04-27	Common Stock (2830)		Indirect
Option	$43.5	2010-04-25	Common Stock (3260)		Indirect
Option	$43.5	2010-04-25	Common Stock (490)		Indirect
Option	$37.5	2011-04-24	Common Stock (7500)		Indirect
Option	$37.5	2011-04-24	Common Stock (330)		Indirect
Option	$54.61	2012-04-23	Common Stock (7500)		Indirect
Option	$45.5	2013-04-29	Common Stock (9000)		Indirect
Option	$54.14	2014-04-27	Common Stock (3900)		Indirect
Option	$52.29	2015-04-26	Common Stock (5000)		Indirect
Option	$76.61	2016-04-25	Common Stock (3500)		Direct

Footnotes

F1: Shares held by Mr. Jadin's wife. Mr. Jadin disclaims beneficial ownership of such shares.