W.W. GRAINGER, INC. — Director's Dealing 2015

Sep 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2015-09-03

Reporting Person: RYAN JAMES T (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-03	Common Stock	M	28500	$85.82	Acquired	192263	Direct
2015-09-03	Common Stock	M	32500	$81.49	Acquired	224763	Direct
2015-09-03	Common Stock	S	61000	$221.2268	Disposed	163763	Direct
2015-09-04	Common Stock	M	28500	$85.82	Acquired	192263	Direct
2015-09-04	Common Stock	M	32500	$81.49	Acquired	224763	Direct
2015-09-04	Common Stock	S	300	$217.22	Disposed	224463	Direct
2015-09-04	Common Stock	S	100	$217.23	Disposed	224363	Direct
2015-09-04	Common Stock	S	100	$217.51	Disposed	224263	Direct
2015-09-04	Common Stock	S	100	$217.52	Disposed	224163	Direct
2015-09-04	Common Stock	S	100	$217.53	Disposed	224063	Direct
2015-09-04	Common Stock	S	100	$217.56	Disposed	223963	Direct
2015-09-04	Common Stock	S	200	$217.57	Disposed	223763	Direct
2015-09-04	Common Stock	S	200	$217.59	Disposed	223563	Direct
2015-09-04	Common Stock	S	200	$217.60	Disposed	223363	Direct
2015-09-04	Common Stock	S	100	$217.61	Disposed	223263	Direct
2015-09-04	Common Stock	S	101	$217.62	Disposed	223162	Direct
2015-09-04	Common Stock	S	1000	$217.63	Disposed	222162	Direct
2015-09-04	Common Stock	S	1228	$217.64	Disposed	220934	Direct
2015-09-04	Common Stock	S	100	$217.65	Disposed	220834	Direct
2015-09-04	Common Stock	S	300	$217.6647	Disposed	220534	Direct
2015-09-04	Common Stock	S	2799	$217.67	Disposed	217735	Direct
2015-09-04	Common Stock	S	699	$217.68	Disposed	217036	Direct
2015-09-04	Common Stock	S	201	$217.69	Disposed	216835	Direct
2015-09-04	Common Stock	S	200	$217.71	Disposed	216635	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-03	Stock Option	$85.82	M	28500	Disposed	2018-04-29	Common Stock (28500)	Direct
2015-09-03	Stock Option	$81.49	M	32500	Disposed	2019-04-28	Common Stock (32500)	Direct
2015-09-04	Stock Option	$85.82	M	28500	Disposed	2018-04-29	Common Stock (28500)	Direct
2015-09-04	Stock Option	$81.49	M	32500	Disposed	2019-04-28	Common Stock (32500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$108.15	2020-04-27	Common Stock (122000)	122000	Direct
Stock Option	$149.02	2021-04-26	Common Stock (96400)	96400	Direct
Stock Option	$204.01	2022-04-24	Common Stock (78100)	78100	Direct
Stock Option	$245.86	2023-04-23	Common Stock (70465)	70465	Direct
Stock Option	$248.22	2024-04-29	Common Stock (56558)	56558	Direct
Stock Option	$231.88	2025-03-31	Common Stock (65816)	65816	Direct

Footnotes

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