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

Feb 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2016-02-22

Reporting Person: Lomax William (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-22	Common Stock	M	1300	$83.08	Acquired	4022	Direct
2016-02-22	Common Stock	M	2300	$85.82	Acquired	6322	Direct
2016-02-22	Common Stock	M	2800	$81.49	Acquired	9122	Direct
2016-02-22	Common Stock	M	3300	$108.15	Acquired	12422	Direct
2016-02-22	Common Stock	M	4352	$149.02	Acquired	16774	Direct
2016-02-22	Common Stock	M	2883	$204.01	Acquired	19657	Direct
2016-02-22	Common Stock	S	551	$220.75	Disposed	19106	Direct
2016-02-22	Common Stock	S	800	$220.77	Disposed	18306	Direct
2016-02-22	Common Stock	S	25	$220.78	Disposed	18281	Direct
2016-02-22	Common Stock	S	899	$220.79	Disposed	17382	Direct
2016-02-22	Common Stock	S	109	$220.83	Disposed	17273	Direct
2016-02-22	Common Stock	S	66	$220.84	Disposed	17207	Direct
2016-02-22	Common Stock	S	685	$220.88	Disposed	16522	Direct
2016-02-22	Common Stock	S	614	$220.89	Disposed	15908	Direct
2016-02-22	Common Stock	S	200	$220.94	Disposed	15708	Direct
2016-02-22	Common Stock	S	100	$220.99	Disposed	15608	Direct
2016-02-22	Common Stock	S	100	$221.00	Disposed	15508	Direct
2016-02-22	Common Stock	S	270	$221.03	Disposed	15238	Direct
2016-02-22	Common Stock	S	430	$221.04	Disposed	14808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-22	Stock Option	$83.08	M	1300	Disposed	2017-04-24	Common Stock (1300)	Direct
2016-02-22	Stock Option	$85.82	M	2300	Disposed	2018-04-29	Common Stock (2300)	Direct
2016-02-22	Stock Option	$81.49	M	2800	Disposed	2019-04-28	Common Stock (2800)	Direct
2016-02-22	Stock Option	$108.15	M	3300	Disposed	2020-04-27	Common Stock (3300)	Direct
2016-02-22	Stock Option	$149.02	M	4352	Disposed	2021-04-26	Common Stock (4352)	Direct
2016-02-22	Stock Option	$204.01	M	2883	Disposed	2022-04-24	Common Stock (2883)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$245.86	2023-04-23	Common Stock (2174)	2174	Direct
Stock Option	$248.22	2024-04-29	Common Stock (1665)	1665	Direct
Stock Option	$231.88	2025-03-31	Common Stock (2420)	2420	Direct