SEC Form 4 · accession 0001127602-17-017003
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
May 4, 2017
Accepted (ET)
May 5, 2017 · 11:33 am 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 | May 4, 2017 | M | 213,500 | $20.80 | A | 344,545 | D | |
| Common StockF1 | May 4, 2017 | S | 23,775 | $108.6993 | D | 320,770 | D | |
| Common Stock | May 4, 2017 | F | 115,835 | $108.34 | D | 204,935 | D | |
| Common Stock | holding | — | — | — | 1,895 | 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)F2 | $20.80 | May 4, 2017 | M | 213,500 | D | — | Feb 13, 2019 | Common Stock | 213,500 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $108.49 to $109.20, 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.
- 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.