SEC Form 4 · accession 0001127602-17-024211
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Karen Park Gallivan
Officer — Vice President
Period of report
Jul 27, 2017
Accepted (ET)
Jul 27, 2017 · 1:42 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 | Jul 27, 2017 | M | 15,000 | $21.17 | A | 27,264 | D | |
| Common Stock | Jul 27, 2017 | S | 12,242 | $115.00 | D | 15,022 | 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 | $27.17 | Jul 27, 2017 | M | 15,000 | D | — | Feb 12, 2020 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Sale pursuant to a 10b5-1 Trading Plan dated May 4, 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.