SEC Form 4 · accession 0001127602-18-018343
GRACO INC · GGG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey P. Johnson
Officer — Vice President
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 10:35 am 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 | May 18, 2018 | M | 5,534 | $9.0567 | A | 48,971 | D | |
| Common StockF1 | May 18, 2018 | S | 5,534 | $46.3506 | D | 43,437 | D | |
| Common Stock | May 21, 2018 | M | 84,466 | $9.0567 | A | 127,903 | D | |
| Common StockF2,F3 | May 21, 2018 | S | 84,466 | $47.1088 | D | 43,437 | 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)F4 | $9.0567 | May 18, 2018 | M | 5,534 | D | — | Feb 12, 2020 | Common Stock | 5,534 | 84,466 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $9.0567 | May 21, 2018 | M | 84,466 | D | — | Feb 12, 2020 | Common Stock | 84,466 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $46.35 to $46.36, 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 price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $47.00 to $47.21, 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.
- F3Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
- F4Employee 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.