X0306
4
2017-09-15
0000042888
GRACO INC
GGG
0001445183
Ahlers David M
88 11TH AVENUE NE
MINNEAPOLIS
MN
55413
1
Vice President
Common Stock
2017-09-15
4
M
0
22500
27.17
A
42046.7754
D
Common Stock
2017-09-15
4
S
0
22500
120.0102
D
19546.7754
D
Non-qualified Stock Option (Right to Buy)
27.17
2017-09-15
4
M
0
22500
0
D
2020-02-12
Common Stock
22500
0
D
The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $120.00 to $120.11, 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 set forth within the footnote.
Included in the amount of reported shares are shares of Graco common stock acquired under the Graco Inc. Dividend Reinvestment Plan, exempt under Rule 16a-11, and shares acquired under the Graco Inc. 2006 Employee Stock Purchase Plan, exempt under Rule 16b-3.
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. Ahlers
2017-09-15