W.W. GRAINGER, INC. — Director's Dealing 2012

Mar 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2012-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-07	Common Stock	M	13000	$52.29	Acquired	57802	Direct
2012-03-07	Common Stock	S	4476	$207.00	Disposed	53326	Direct
2012-03-07	Common Stock	S	100	$207.01	Disposed	53226	Direct
2012-03-07	Common Stock	S	318	$207.02	Disposed	52908	Direct
2012-03-07	Common Stock	S	1200	$207.03	Disposed	51708	Direct
2012-03-07	Common Stock	S	103	$207.04	Disposed	51605	Direct
2012-03-07	Common Stock	S	300	$207.05	Disposed	51305	Direct
2012-03-07	Common Stock	S	100	$207.06	Disposed	51205	Direct
2012-03-07	Common Stock	S	3	$207.08	Disposed	51202	Direct
2012-03-07	Common Stock	S	1600	$207.12	Disposed	49602	Direct
2012-03-07	Common Stock	S	100	$207.13	Disposed	49502	Direct
2012-03-07	Common Stock	S	100	$207.16	Disposed	49402	Direct
2012-03-07	Common Stock	S	1800	$207.18	Disposed	47602	Direct
2012-03-07	Common Stock	S	2700	$207.19	Disposed	44902	Direct
2012-03-07	Common Stock	S	100	$207.21	Disposed	44802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-07	Option	$52.29	M	13000	Disposed	2015-04-26	Common Stock (13000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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