W.W. GRAINGER, INC. — Director's Dealing 2007

Jun 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2007-06-12

Reporting Person: LOIZZO LARRY J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-12	Common Stock	M	7180	$51.6875	Acquired	43680	Direct
2007-06-12	Common Stock	M	790	$48.625	Acquired	44470	Direct
2007-06-12	Common Stock	S	1800	$87.00	Disposed	42670	Direct
2007-06-12	Common Stock	S	100	$87.01	Disposed	42570	Direct
2007-06-12	Common Stock	S	770	$87.02	Disposed	41800	Direct
2007-06-12	Common Stock	S	1700	$87.04	Disposed	40100	Direct
2007-06-12	Common Stock	S	100	$87.05	Disposed	40000	Direct
2007-06-12	Common Stock	S	300	$87.06	Disposed	39700	Direct
2007-06-12	Common Stock	S	700	$87.07	Disposed	39000	Direct
2007-06-12	Common Stock	S	300	$87.09	Disposed	38700	Direct
2007-06-12	Common Stock	S	600	$87.10	Disposed	38100	Direct
2007-06-12	Common Stock	S	900	$87.11	Disposed	37200	Direct
2007-06-12	Common Stock	S	700	$87.12	Disposed	36500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-12	Option	$51.6875	M	7180	Disposed	2008-04-28	Common Stock (7180)	Direct
2007-06-12	Option	$48.625	M	790	Disposed	2009-04-27	Common Stock (790)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$42.8125	2010-02-28	Common Stock (760)	760	Direct
Option	$43.50	2010-04-25	Common Stock (10120)	10120	Direct
Option	$37.50	2011-04-24	Common Stock (15600)	15600	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 (15000)	15000	Direct
Option	$52.29	2015-04-26	Common Stock (9000)	9000	Direct
Option	$76.61	2016-04-25	Common Stock (10000)	10000	Direct
Option	$83.08	2017-04-24	Common Stock (8000)	8000	Direct