SEC Form 4 · accession 0001127602-18-011375

GRACO INC · GGG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 12, 2018

Accepted (ET)

Mar 13, 2018 · 4:13 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^F1	Mar 12, 2018	S	5,325	$46.7628	D	60,984	D
Common Stock	Mar 13, 2018	M	21,300	$15.0267	A	82,284	D
Common Stock^F2	Mar 13, 2018	S	21,300	$46.6464	D	60,984	D
Common Stock	holding	—	—		—	6,660	I	By Trust

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	$15.0267	Mar 13, 2018	M	21,300	D	—	Apr 21, 2021	Common Stock	21,300	0	D

F1The price reported in column 4 is a weighted average price. The shares were sold at prices ranging from $46.75 to $46.77, inclusive. The reporting person undertakes to provide Graco Inc., and 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 price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $46.31 to $46.96, 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.
F3Nonemployee director stock option granted pursuant to the Graco Inc. 2010 Stock Incentive Plan in a 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.