SEC Form 4 · accession 0001127602-18-016780
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 7, 2018
Accepted (ET)
May 9, 2018 · 5:04 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 StockF1 | May 7, 2018 | S | 161,670 | $45.1086 | D | 453,931 | D | |
| Common StockF2 | May 8, 2018 | S | 60,000 | $45.206 | D | 393,931 | D | |
| Common Stock | holding | — | — | — | 5,756 | I | By ESOP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $44.78 to $45.29, 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. Remo
- F2The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $45.00 to $45.38, 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.
Remarks
The reported sales of common stock were completed to fund costs associated with marital dissolution proceedings. As reflected in column 5 of Table I, Mr. McHale's holdings remain substantially above his five times current base salary holding requirement.