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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2011-09-15

Reporting Person: HOWARD JOHN L (Sr. VP and General Counsel)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-15	Common Stock	M	12000	$54.14	Acquired	54385	Direct
2011-09-15	Common Stock	S	100	$159.38	Disposed	54285	Direct
2011-09-15	Common Stock	S	810	$159.42	Disposed	53475	Direct
2011-09-15	Common Stock	S	101	$159.4218	Disposed	53374	Direct
2011-09-15	Common Stock	S	100	$159.422	Disposed	53274	Direct
2011-09-15	Common Stock	S	90	$159.43	Disposed	53184	Direct
2011-09-15	Common Stock	S	400	$159.502	Disposed	52784	Direct
2011-09-15	Common Stock	S	295	$159.51	Disposed	52489	Direct
2011-09-15	Common Stock	S	405	$159.53	Disposed	52084	Direct
2011-09-15	Common Stock	S	100	$159.532	Disposed	51984	Direct
2011-09-15	Common Stock	S	100	$159.595	Disposed	51884	Direct
2011-09-15	Common Stock	S	100	$159.611	Disposed	51784	Direct
2011-09-15	Common Stock	S	300	$159.64	Disposed	51484	Direct
2011-09-15	Common Stock	S	100	$159.65	Disposed	51384	Direct
2011-09-15	Common Stock	S	200	$159.66	Disposed	51184	Direct
2011-09-15	Common Stock	S	400	$159.67	Disposed	50784	Direct
2011-09-15	Common Stock	S	81	$159.69	Disposed	50703	Direct
2011-09-15	Common Stock	S	100	$159.72	Disposed	50603	Direct
2011-09-15	Common Stock	S	400	$159.73	Disposed	50203	Direct
2011-09-15	Common Stock	S	200	$159.735	Disposed	50003	Direct
2011-09-15	Common Stock	S	100	$159.74	Disposed	49903	Direct
2011-09-15	Common Stock	S	200	$159.745	Disposed	49703	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-15	Option	$54.14	M	12000	Disposed	2014-04-27	Common Stock (12000)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$52.29	2015-04-26	Common Stock (13000)	13000	Direct
Option	$76.61	2016-04-25	Common Stock (10000)	10000	Direct
Option	$83.08	2017-04-24	Common Stock (10000)	10000	Direct
Option	$85.82	2018-04-29	Common Stock (11000)	11000	Direct
Option	$81.49	2019-04-28	Common Stock (21000)	21000	Direct
Option	$108.15	2020-04-27	Common Stock (19500)	19500	Direct
Option	$149.02	2021-04-26	Common Stock (14990)	14990	Direct