X0306 4 2018-04-27 0000042888 GRACO INC GGG 0001190809 MCHALE PATRICK J 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 1 President and CEO Common Stock 2018-04-27 4 M 0 390000 16.6134 A 1293696.7552 D Common Stock 2018-04-27 4 M 0 163203 24.7934 A 1456899.7552 D Common Stock 2018-04-27 4 M 0 150870 23.8467 A 1607769.7552 D Common Stock 2018-04-27 4 M 0 405000 19.58 A 2012769.7552 D Common Stock 2018-04-27 4 M 0 184575 24.9334 A 2197344.7552 D Common Stock 2018-04-27 4 F 0 930974 45.98 D 1266370.7552 D Common Stock 2018-04-30 4 D 0 650770 43.33 D 615600.7552 D Common Stock 5755.7257 I By ESOP Non-qualified Stock Option (Right to Buy) 16.6134 2018-04-27 4 M 0 390000 0 D 2022-02-17 Common Stock 390000 0 D Non-qualified Stock Option (Right to Buy) 24.7934 2018-04-27 4 M 0 163203 0 D 2025-02-13 Common Stock 163203 272010 D Non-qualified Stock Option (Right to Buy) 23.8467 2018-04-27 4 M 0 150870 0 D 2026-02-12 Common Stock 150870 452610 D Non-qualified Stock Option (Right to Buy) 19.58 2018-04-27 4 M 0 405000 0 D 2023-02-15 Common Stock 405000 0 D Non-qualified Stock Option (Right to Buy) 24.9334 2018-04-27 4 M 0 184575 0 D 2024-02-14 Common Stock 184575 184575 D Employee stock option granted pursuant to the Graco Inc. 2010 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 Graco Inc. 2015 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. The reported stock option exercises and sale 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. /s/ Francis J. Brixius Jr., attorney-in-fact for Mr. McHale 2018-04-30