SEC Form 4 · accession 0001127602-17-034572
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
Dec 13, 2017
Accepted (ET)
Dec 13, 2017 · 5:20 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 | Dec 13, 2017 | M | 15,000 | $27.17 | A | 30,060 | D | |
| Common StockF2 | Dec 13, 2017 | S | 15,000 | $132.00 | D | 15,060 | 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 | $27.17 | Dec 13, 2017 | M | 15,000 | D | — | Feb 12, 2020 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Sale pursuant to a 10b5-1 Trading Plan dated December 5, 2017.
- F2Included in the amount reported are shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
- 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.