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

Jan 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2014-01-14

Reporting Person: CARRUTHERS COURT D (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-14	Common Stock	M	5000	$81.49	Acquired	27952	Direct
2014-01-14	Common Stock	S	100	$258.22	Disposed	27852	Direct
2014-01-14	Common Stock	S	400	$258.47	Disposed	27452	Direct
2014-01-14	Common Stock	S	100	$258.485	Disposed	27352	Direct
2014-01-14	Common Stock	S	100	$258.52	Disposed	27252	Direct
2014-01-14	Common Stock	S	300	$258.57	Disposed	26952	Direct
2014-01-14	Common Stock	S	100	$258.69	Disposed	26852	Direct
2014-01-14	Common Stock	S	200	$258.73	Disposed	26652	Direct
2014-01-14	Common Stock	S	100	$258.85	Disposed	26552	Direct
2014-01-14	Common Stock	S	400	$258.88	Disposed	26152	Direct
2014-01-14	Common Stock	S	500	$258.90	Disposed	25652	Direct
2014-01-14	Common Stock	S	36	$258.91	Disposed	25616	Direct
2014-01-14	Common Stock	S	100	$258.95	Disposed	25516	Direct
2014-01-14	Common Stock	S	200	$259.01	Disposed	25316	Direct
2014-01-14	Common Stock	S	200	$259.06	Disposed	25116	Direct
2014-01-14	Common Stock	S	100	$259.16	Disposed	25016	Direct
2014-01-14	Common Stock	S	400	$259.17	Disposed	24616	Direct
2014-01-14	Common Stock	S	300	$259.21	Disposed	24316	Direct
2014-01-14	Common Stock	S	59	$259.22	Disposed	24257	Direct
2014-01-14	Common Stock	S	100	$259.38	Disposed	24157	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-14	Stock Option	$81.49	M	5000	Disposed	2019-04-28	Common Stock (5000)	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

Footnotes

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