W.W. GRAINGER, INC. — Director's Dealing 2013

May 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2013-05-07

Reporting Person: JADIN RONALD L (Sr. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-07	Common Stock	M	5000	$52.29	Acquired	11086	Indirect
2013-05-07	Common Stock	S	3300	$252.6	Disposed	7786	Indirect
2013-05-07	Common Stock	S	100	$252.602	Disposed	7686	Indirect
2013-05-07	Common Stock	S	100	$252.604	Disposed	7586	Indirect
2013-05-07	Common Stock	S	300	$252.61	Disposed	7286	Indirect
2013-05-07	Common Stock	S	10	$252.62	Disposed	7276	Indirect
2013-05-07	Common Stock	S	400	$252.63	Disposed	6876	Indirect
2013-05-07	Common Stock	S	790	$252.65	Disposed	6086	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-07	Stock Option	$52.29	M	5000	Disposed	2015-04-26	Common Stock (5000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19917	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$76.61	2016-04-25	Common Stock (3500)	3500	Direct
Stock Option	$83.08	2017-04-24	Common Stock (3200)	3200	Direct
Stock Option	$85.82	2018-04-29	Common Stock (13500)	13500	Direct
Stock Option	$81.49	2019-04-28	Common Stock (30000)	30000	Direct
Stock Option	$108.15	2020-04-27	Common Stock (29000)	29000	Direct
Stock Option	$149.02	2021-04-26	Common Stock (25336)	25336	Direct
Stock Option	$204.01	2022-04-24	Common Stock (19527)	19527	Direct
Stock Option	$245.86	2023-04-23	Common Stock (16790)	16790	Direct

Footnotes

F1: Shares held by Mr. Jadin's wife. Mr. Jadin disclaims beneficial ownership of such shares.