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

Feb 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2014-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-19	Common Stock	A	4000	—	Acquired	40802	Direct
2014-02-19	Common Stock	F	1308	$255.42	Disposed	39494	Direct
2014-02-19	Common Stock	S	1023	$247.5024	Disposed	38471	Direct
2014-02-19	Common Stock	S	629	$247.51	Disposed	37842	Direct
2014-02-19	Common Stock	S	200	$247.52	Disposed	37642	Direct
2014-02-19	Common Stock	S	150	$247.53	Disposed	37492	Direct
2014-02-19	Common Stock	S	400	$247.54	Disposed	37092	Direct
2014-02-19	Common Stock	S	100	$247.56	Disposed	36992	Direct
2014-02-19	Common Stock	S	100	$247.58	Disposed	36892	Direct
2014-02-19	Common Stock	S	90	$247.61	Disposed	36802	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$76.61	2016-04-25	Common Stock (10000)	10000	Direct
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