X0306 4 2017-03-08 0000042888 GRACO INC GGG 0000904033 EUGSTER JACK W 88 11TH AVENUE NE MINNEAPOLIS MN 55413 1 Common Stock 2017-03-08 4 M 0 8600 38.45 A 29395 D Common Stock 2017-03-08 4 S 0 3578 93.2623 D 25817 D Non-qualified Stock Option (Right to Buy) 38.45 2017-03-08 4 M 0 8600 0 D 2018-04-25 Common Stock 8600 0 D The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $92.7801 to $93.44, 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. Nonemployee director stock option granted pursuant to the Amended and Restated Graco Inc. Stock Incentive Plan (2006) in a 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/ Janel French, attorney-in-fact for Mr. Eugster 2017-03-08