SEC Form 4 · accession 0001127602-17-004783
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 9, 2017
Accepted (ET)
Feb 9, 2017 · 4:31 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 9, 2017 | M | 8,600 | $35.16 | A | 13,600 | D | |
| Common StockF1 | Feb 9, 2017 | S | 8,600 | $90.8171 | 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)F2 | $35.16 | Feb 9, 2017 | M | 8,600 | D | — | Apr 23, 2020 | Common Stock | 8,600 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $90.4 to $91.09, 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.
- F2Nonemployee 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.