SEC Form 4 · accession 0001127602-16-043165
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Kevin Gilligan
Director
Period of report
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 4:25 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 23, 2016 | M | 8,600 | $35.16 | A | 23,967 | D | |
| Common Stock | Feb 23, 2016 | S | 8,600 | $77.059 | D | 15,367 | 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 | $35.16 | Feb 23, 2016 | M | 8,600 | D | — | Apr 23, 2020 | Common Stock | 8,600 | 0 | D |
Explanation of responses
- F1Nonemployee director stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan 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.