SEC Form 4 · accession 0001127602-16-062239

GRACO INC · GGG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and CEO · Director

Period of report

Sep 8, 2016

Accepted (ET)

Sep 8, 2016 · 4:29 pm EDT

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	Sep 8, 2016	M	11,500	$20.80	A	142,230	D
Common Stock^F1,F2	Sep 8, 2016	S	11,500	$74.1882	D	130,730	D
Common Stock^F3	holding	—	—		—	1,879	I	By ESOP

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)^F4	$20.80	Sep 8, 2016	M	11,500	D	—	Feb 13, 2019	Common Stock	11,500	213,500	D

F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $73.89 to $74.74, inclusive. The reporting person undertakes to provide Graco Inc., any security holder of Graco Inc., or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in the footnote.
F2Included in the amount reported are shares acquiared under Graco Employee Stock Purchase Plan, exempt under Rule 16b-3.
F3Included in this number are dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c).
F4Employee 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.