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W.W. GRAINGER, INC. Director's Dealing 2008

May 20, 2008

30040_dirs_2008-05-20_d35937cc-7a88-42e3-862a-0963b1cff7c3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2008-05-19

Reporting Person: CARRUTHERS COURT D (Sr. Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-19 Common Stock M 750 $54.14 Acquired 5412 Direct
2008-05-19 Common Stock S 1312 $92.72 Disposed 4100 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-19 Option $54.14 M 750 Disposed 2014-04-27 Common Stock (750) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option $52.29 2015-04-26 Common Stock (3150) 3150 Direct
Option $76.61 2016-04-25 Common Stock (3000) 3000 Direct
Option $83.08 2017-04-24 Common Stock (4300) 4300 Direct
Option $85.82 2018-04-29 Common Stock (8000) 8000 Direct