SEC Form 4 · accession 0001127602-16-042390
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R William Van Sant
Director
Period of report
Feb 19, 2016
Accepted (ET)
Feb 19, 2016 · 3:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000042888
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 19, 2016 | M | 1,800 | $48.95 | A | 6,800 | D | |
| Common Stock | Feb 19, 2016 | S | 1,800 | $76.00 | D | 5,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F1 | $48.95 | Feb 19, 2016 | M | 1,800 | D | — | Apr 20, 2016 | Common Stock | 1,800 | 0 | D |
Explanation of responses
- F1Nonemployee director stock option granted pursuant to the Amended and Restated Graco Inc. Stock Incentive Plan (2006) in a transaction exempt under Rule 16b-3. The stock option becomes exercisable in four equal annual installments, commencing one year after the date of the grant.