SEC Form 4 · accession 0001127602-16-043563
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick J McHale
Officer — President and CEO · Director
Period of report
Feb 26, 2016
Accepted (ET)
Feb 26, 2016 · 3:49 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 26, 2016 | M | 150,000 | $35.90 | A | 241,959 | D | |
| Common StockF1 | Feb 26, 2016 | F | 111,559 | $76.64 | D | 130,400 | D | |
| Common StockF2 | holding | — | — | — | 1,863 | I | By ESOP |
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)F3 | $35.90 | Feb 26, 2016 | M | 150,000 | D | — | Feb 15, 2018 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
- F2The number of ESOP Stock Units includes ESOP Stock Units acquired in unreported dividend reinvestment transactions.
- F3Employee stock option granted pursuant to the Amended and Restated Graco Inc. Stock Incentive Plan (2006) in 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.