X0306 4 2014-10-27 0000042888 GRACO INC GGG 0001190809 MCHALE PATRICK J 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 1 President and CEO Common Stock 2014-10-27 4 M 0 22500 40.68 A 97588 D Common Stock 2014-10-27 4 M 0 22500 41.36 A 120088 D Common Stock 2014-10-27 4 S 0 45000 75.717 D 75088 D Common Stock 1817.9993 I By ESOP Non-qualified Stock Option (Right to Buy) 40.68 2014-10-27 4 M 0 22500 0 D 2016-02-17 Common Stock 22500 0 D Non-qualified Stock Option (Right to Buy) 41.36 2014-10-27 4 M 0 22500 0 D 2017-02-16 Common Stock 22500 0 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $75.56 to $76.12, inclusive. The reporting person undertakes to provide to 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 with the range set forth in the footnote. Included in the amount reported are shares acquired under Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3. The number of ESOP Stock Units includes ESOP Stock Units acquired in unreported dividend reinvestment transactions. Employee stock option granted pursuant to the Graco Inc. Stock Incentive Plan 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. Employee 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. /s/ Carrie Daniel Russell, Attorney-in-Fact for Patrick J. McHale 2014-10-27