David M. Ahlers - Aug 18, 2022 Form 4 Insider Report for GRACO INC (GGG)

Role
Executive Vice President
Signature
/s/ Francis J. Brixius Jr., attorney-in-fact for Mr. Ahlers
Stock symbol
GGG
Transactions as of
Aug 18, 2022
Transactions value $
-$2,759,259
Form type
4
Date filed
8/19/2022, 03:20 PM
Previous filing
Feb 18, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GGG Common Stock Options Exercise $880K +44.9K +69.01% $19.58 110K Aug 18, 2022 Direct
transaction GGG Common Stock Sale -$3.18M -44.9K -40.83% $70.77 65.1K Aug 18, 2022 Direct F1, F2
transaction GGG Common Stock Options Exercise $177K +9.05K +13.9% $19.58 74.2K Aug 19, 2022 Direct
transaction GGG Common Stock Sale -$636K -9.05K -12.2% $70.22 65.1K Aug 19, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GGG Non-qualified Stock Option (Right to Buy) Options Exercise $0 -44.9K -83.24% $0.00 9.05K Aug 18, 2022 Common Stock 44.9K $19.58 Direct F4
transaction GGG Non-qualified Stock Option (Right to Buy) Options Exercise $0 -9.05K -100% $0.00* 0 Aug 19, 2022 Common Stock 9.05K $19.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $70.625 to $71.04, 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.
F2 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.
F3 The price reported in Column 4 is a weighted average price. The shares were sold at prices ranging from $70.03 to $70.47, 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.
F4 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.