SEC Form 4 · accession 0001127602-17-007457
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen Park Gallivan
Officer — Vice President
Period of report
Feb 21, 2017
Accepted (ET)
Feb 21, 2017 · 5:39 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 21, 2017 | M | 15,250 | $20.80 | A | 25,158 | D | |
| Common Stock | Feb 21, 2017 | S | 13,250 | $92.00 | D | 11,908 | 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 | $20.80 | Feb 21, 2017 | M | 15,250 | D | — | Feb 13, 2019 | Common Stock | 15,250 | 0 | D |
Explanation of responses
- F1Sale pursuant to a 10b5-1 Trading Plan dated February 8, 2017.
- F2Employee 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.