SEC Form 4 · accession 0001127602-17-033119
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Caroline M Chambers
Officer — Vice President
Period of report
Nov 21, 2017
Accepted (ET)
Nov 22, 2017 · 10:27 am 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 | Nov 21, 2017 | M | 10,000 | $35.90 | A | 15,191 | D | |
| Common StockF1,F2 | Nov 21, 2017 | S | 10,000 | $131.5573 | D | 5,191 | 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)F3 | $35.90 | Nov 21, 2017 | M | 10,000 | D | — | Feb 15, 2018 | Common Stock | 10,000 | 5,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $131.39 to $131.72, 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.
- F2The amount of securities owned includes shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan, exempt under Rule 16a-11.
- F3Employee 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.