W.W. GRAINGER, INC. — Director's Dealing 2014

Dec 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2014-12-15

Reporting Person: Macpherson Donald G (Sr. VP & Group President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-15	Common Stock	M	3000	$81.49	Acquired	37199	Direct
2014-12-15	Common Stock	S	56	$243.24	Disposed	37143	Direct
2014-12-15	Common Stock	S	100	$243.57	Disposed	37043	Direct
2014-12-15	Common Stock	S	100	$243.59	Disposed	36943	Direct
2014-12-15	Common Stock	S	200	$243.72	Disposed	36743	Direct
2014-12-15	Common Stock	S	100	$243.77	Disposed	36643	Direct
2014-12-15	Common Stock	S	87	$244.30	Disposed	36556	Direct
2014-12-15	Common Stock	S	50	$244.31	Disposed	36506	Direct
2014-12-15	Common Stock	S	200	$244.83	Disposed	36306	Direct
2014-12-15	Common Stock	S	52	$245.56	Disposed	36254	Direct
2014-12-15	Common Stock	S	100	$245.61	Disposed	36154	Direct
2014-12-15	Common Stock	S	15	$245.71	Disposed	36139	Direct
2014-12-15	Common Stock	S	340	$245.72	Disposed	35799	Direct
2014-12-15	Common Stock	S	100	$245.81	Disposed	35699	Direct
2014-12-15	Common Stock	S	100	$246.09	Disposed	35599	Direct
2014-12-15	Common Stock	S	100	$246.20	Disposed	35499	Direct
2014-12-15	Common Stock	S	200	$246.59	Disposed	35299	Direct
2014-12-15	Common Stock	S	200	$246.70	Disposed	35099	Direct
2014-12-15	Common Stock	S	100	$246.84	Disposed	34999	Direct
2014-12-15	Common Stock	S	200	$246.89	Disposed	34799	Direct
2014-12-15	Common Stock	S	200	$246.92	Disposed	34599	Direct
2014-12-15	Common Stock	S	100	$247.19	Disposed	34499	Direct
2014-12-15	Common Stock	S	100	$247.23	Disposed	34399	Direct
2014-12-15	Common Stock	S	100	$247.6683	Disposed	34299	Direct
2014-12-15	Common Stock	S	100	$247.67	Disposed	34199	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-15	Stock Option	$81.49	M	3000	Disposed	2019-04-28	Common Stock (3000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$108.15	2020-04-27	Common Stock (29000)	29000	Direct
Stock Option	$149.02	2021-04-26	Common Stock (24876)	24876	Direct
Stock Option	$204.01	2022-04-24	Common Stock (16923)	16923	Direct
Stock Option	$245.86	2023-04-23	Common Stock (15741)	15741	Direct
Stock Option	$248.22	2024-04-29	Common Stock (12266)	12266	Direct

Footnotes

F1: Transaction pursuant to a previously adopted Rule 10b5-1 trading program.