W.W. GRAINGER, INC. — Director's Dealing 2017

Jan 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAINGER W W INC (GWW)
CIK: 0000277135
Period of Report: 2017-01-03

Reporting Person: RYAN JAMES T (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-16	Common Stock	G	4450	$0.00	Disposed	163478	Direct
2017-01-03	Common Stock	M	65000	$81.49	Acquired	228478	Direct
2017-01-03	Common Stock	S	65000	$234.1707	Disposed	163478	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Stock Option	$81.49	M	65000	Disposed	2019-04-28	Common Stock (65000)	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
Stock Option	$234.38	2026-03-31	Common Stock (78152)	78152	Direct

Footnotes

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