W.W. GRAINGER, INC. — Director's Dealing 2011

Dec 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2011-12-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-20	Common Stock	M	8000	$85.82	Acquired	30149	Direct
2011-12-20	Common Stock	S	132	$184.55	Disposed	30017	Direct
2011-12-20	Common Stock	S	300	$184.5511	Disposed	29717	Direct
2011-12-20	Common Stock	S	300	$184.64	Disposed	29417	Direct
2011-12-20	Common Stock	S	43	$184.66	Disposed	29374	Direct
2011-12-20	Common Stock	S	200	$184.94	Disposed	29174	Direct
2011-12-20	Common Stock	S	100	$184.942	Disposed	29074	Direct
2011-12-20	Common Stock	S	100	$185.012	Disposed	28974	Direct
2011-12-20	Common Stock	S	200	$185.0501	Disposed	28774	Direct
2011-12-20	Common Stock	S	100	$185.10	Disposed	28674	Direct
2011-12-20	Common Stock	S	288	$185.1001	Disposed	28386	Direct
2011-12-20	Common Stock	S	100	$185.12	Disposed	28286	Direct
2011-12-20	Common Stock	S	100	$185.15	Disposed	28186	Direct
2011-12-20	Common Stock	S	200	$185.1501	Disposed	27986	Direct
2011-12-20	Common Stock	S	100	$185.154	Disposed	27886	Direct
2011-12-20	Common Stock	S	100	$185.17	Disposed	27786	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-20	Option	$85.82	M	8000	Disposed	2018-04-29	Common Stock (8000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$81.49	2019-04-28	Common Stock (30000)	30000	Direct
Option	$108.15	2020-04-27	Common Stock (29000)	29000	Direct
Option	$149.02	2021-04-26	Common Stock (24876)	24876	Direct