X0306 4 2017-11-10 0000042888 GRACO INC GGG 0001192998 RESCORLA CHARLES L 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 Vice President Common Stock 2017-11-10 4 M 0 47000 20.80 A 108801.6052 D Common Stock 2017-11-10 4 S 0 1799 130.4217 D 107002.6052 D Common Stock 2017-11-10 4 S 0 45201 129.91 D 61801.6052 D Common Stock 2179.5465 I by ESOP Non-qualified Stock Option (Right to Buy) 20.80 2017-11-10 4 M 0 47000 0 D 2019-02-13 Common Stock 47000 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.32 to $130.50, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.31 to $130.30, 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, full information regarding the number of shares sold at each separate price within the range set forth in the footnote. Included in the amount of ESOP shares are dividends paid pursuant to the Graco Employee Stock Ownership Plan, exempt under Rule 16b-3(c). 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/ Francis J. Brixius Jr., attorney-in-fact for Mr. Rescorla 2017-11-13