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

Nov 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2014-11-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-06	Common Stock	M	900	$76.61	Acquired	37702	Direct
2014-11-06	Common Stock	S	400	$255.00	Disposed	37302	Direct
2014-11-06	Common Stock	S	200	$255.04	Disposed	37102	Direct
2014-11-06	Common Stock	S	100	$255.05	Disposed	37002	Direct
2014-11-06	Common Stock	S	200	$255.08	Disposed	36802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-06	Stock Option	$76.61	M	900	Disposed	2016-04-25	Common Stock (10000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$83.08	2017-04-24	Common Stock (10000)	10000	Direct
Stock Option	$85.82	2018-04-29	Common Stock (11000)	11000	Direct
Stock Option	$81.49	2019-04-28	Common Stock (21000)	21000	Direct
Stock Option	$108.15	2020-04-27	Common Stock (19500)	19500	Direct
Stock Option	$149.02	2021-04-26	Common Stock (14990)	14990	Direct
Stock Option	$204.01	2022-04-24	Common Stock (11716)	11716	Direct
Stock Option	$245.86	2023-04-23	Common Stock (11543)	11543	Direct
Stock Option	$248.22	2024-04-29	Common Stock (7360)	7360	Direct

Footnotes

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