W.W. GRAINGER, INC. — Director's Dealing 2016

Apr 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2016-04-15

Reporting Person: HIGH JOSEPH C (Sr. VP & Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-15	Common Stock	M	5800	$154.84	Acquired	14739	Direct
2016-04-15	Common Stock	S	100	$233.07	Disposed	14639	Direct
2016-04-15	Common Stock	S	100	$233.19	Disposed	14539	Direct
2016-04-15	Common Stock	S	101	$233.26	Disposed	14438	Direct
2016-04-15	Common Stock	S	100	$233.30	Disposed	14338	Direct
2016-04-15	Common Stock	S	200	$233.31	Disposed	14138	Direct
2016-04-15	Common Stock	S	100	$233.34	Disposed	14038	Direct
2016-04-15	Common Stock	S	300	$233.62	Disposed	13738	Direct
2016-04-15	Common Stock	S	100	$233.70	Disposed	13638	Direct
2016-04-15	Common Stock	S	100	$233.7651	Disposed	13538	Direct
2016-04-15	Common Stock	S	100	$233.88	Disposed	13438	Direct
2016-04-15	Common Stock	S	100	$233.9638	Disposed	13338	Direct
2016-04-15	Common Stock	S	200	$234.18	Disposed	13138	Direct
2016-04-15	Common Stock	S	100	$234.25	Disposed	13038	Direct
2016-04-15	Common Stock	S	50	$234.33	Disposed	12988	Direct
2016-04-15	Common Stock	S	200	$234.36	Disposed	12788	Direct
2016-04-15	Common Stock	S	100	$234.39	Disposed	12688	Direct
2016-04-15	Common Stock	S	200	$234.43	Disposed	12488	Direct
2016-04-15	Common Stock	S	100	$234.49	Disposed	12388	Direct
2016-04-15	Common Stock	S	100	$234.53	Disposed	12288	Direct
2016-04-15	Common Stock	S	200	$234.7007	Disposed	12088	Direct
2016-04-15	Common Stock	S	200	$234.71	Disposed	11888	Direct
2016-04-15	Common Stock	S	232	$234.74	Disposed	11656	Direct
2016-04-15	Common Stock	S	100	$234.75	Disposed	11556	Direct
2016-04-15	Common Stock	S	100	$234.80	Disposed	11456	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-15	Stock Option	$154.84	M	5800	Disposed	2021-07-25	Common Stock (5800)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$204.01	2022-04-24	Common Stock (10415)	10415	Direct
Stock Option	$245.86	2023-04-23	Common Stock (8920)	8920	Direct
Stock Option	$248.22	2024-04-29	Common Stock (7360)	7360	Direct
Stock Option	$231.88	2025-03-31	Common Stock (8459)	8459	Direct
Stock Option	$234.38	2026-03-31	Common Stock (9531)	9531	Direct

Footnotes

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