X0306 4 2019-04-29 0000042888 GRACO INC GGG 0001190809 MCHALE PATRICK J 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 1 President and CEO Common Stock 2019-04-29 4 M 0 40803 24.7934 A 238391.6617 D Common Stock 2019-04-29 4 M 0 50290 23.8467 A 288681.6617 D Common Stock 2019-04-29 4 M 0 91517 30.3467 A 380198.6617 D Common Stock 2019-04-29 4 S 0 182610 51.1743 D 197588.6617 D Common Stock 2267.8863 I By ESOP Non-qualified Stock Option (Right to Buy) 24.7934 2019-04-29 4 M 0 40803 0 D 2025-02-13 Common Stock 40803 231207 D Non-qualified Stock Option (Right to Buy) 23.8467 2019-04-29 4 M 0 50290 0 D 2026-02-12 Common Stock 50290 402320 D Non-qualified Stock Option (Right to Buy) 30.3467 2019-04-29 4 M 0 91517 0 D 2027-02-17 Common Stock 91517 396577 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $51.00 to $51.59, inclusive. The reporting person undertakes to provide to 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 with the range set forth in the footnote. Since the date of Mr. McHale's last ownership report, he transferred 196,913 shares of Graco common stock and 3,547.4688 shares of Graco ESOP shares to his ex-wife pursuant to a domestic relations order. Mr. McHale no longer beneficially owns any securities owned by his ex-wife 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 sales of common stock were completed in connection with Mr. McHale's marital dissolution, which was concluded on May 31, 2018. 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 2019-04-30