X0306 4 2018-05-18 0000042888 GRACO INC GGG 0001427487 Johnson Jeffrey P. 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 Vice President Common Stock 2018-05-18 4 M 0 5534 9.0567 A 48971.2122 D Common Stock 2018-05-18 4 S 0 5534 46.3506 D 43437.2122 D Common Stock 2018-05-21 4 M 0 84466 9.0567 A 127903.2122 D Common Stock 2018-05-21 4 S 0 84466 47.1088 D 43437.2122 D Non-qualified Stock Option (Right to Buy) 9.0567 2018-05-18 4 M 0 5534 0 D 2020-02-12 Common Stock 5534 84466 D Non-qualified Stock Option (Right to Buy) 9.0567 2018-05-21 4 M 0 84466 0 D 2020-02-12 Common Stock 84466 0 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $46.35 to $46.36, 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. The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $47.00 to $47.21, 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 acquired under 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. Johnson 2018-05-22