X0306
4
2016-02-17
0000042888
GRACO INC
GGG
0001217834
GALLIVAN KAREN PARK
88 11TH AVENUE NE
MINNEAPOLIS
MN
55413
1
Vice President
Common Stock
2016-02-17
4
M
0
5000
20.80
A
14409.9763
D
Common Stock
2016-02-17
4
S
0
5000
76.3167
D
9409.9763
D
Non-qualified Stock Option (Right to Buy)
20.80
2016-02-17
4
M
0
5000
0
D
2019-02-13
Common Stock
5000
25250
D
The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $75.87 to $76.85, 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.
Included in the amount reported are shares of Graco Common Stock acquired under the Graco Inc. Automatic Dividend Reinvestment Plan (DRIP), 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 Ms. Gallivan
2016-02-17