FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF
SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or
Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person * | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer |
(Check all applicable) |
HOWARD JOHN L | GRAINGER W W INC [ GWW ] | _____ Director | _____ 10% Owner | ||||||||||||||||||||||||
(Last) | (First) | (Middle) | 3. Date of Earliest Transaction (MM/DD/YYYY) | ||||||||||||||||||||||||
__X__ Officer (give title below) _____ Other (specify below) | |||||||||||||||||||||||||||
100 GRAINGER PARKWAY | 10/11/2019 | Sr. VP and General Counsel | |||||||||||||||||||||||||
(Street) | 4. If Amendment, Date Original Filed (MM/DD/YYYY) | 6. Individual or Joint/Group Filing (Check Applicable Line) | |||||||||||||||||||||||||
LAKE FOREST, IL 60045 | _X _ Form filed by One Reporting Person | ||||||||||||||||||||||||||
(City) | (State) | (Zip) | ___ Form filed by More than One Reporting Person | ||||||||||||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||||||||||||||
1.Title of Security | 2. Trans. Date | 2A. Deemed | 3. Trans. Code | 4. Securities Acquired (A) or | 5. Amount of Securities Beneficially Owned | 6. | 7. Nature | ||||||||||||||||||||
(Instr. 3) | Execution | (Instr. 8) | Disposed of (D) | Following Reported Transaction(s) | Ownership | of Indirect | |||||||||||||||||||||
Date, if any | (Instr. 3, 4 and 5) | (Instr. 3 and 4) | Form: | Beneficial | |||||||||||||||||||||||
Direct (D) | Ownership | ||||||||||||||||||||||||||
or Indirect | (Instr. 4) | ||||||||||||||||||||||||||
(A) or | (I) (Instr. | ||||||||||||||||||||||||||
Code | V | Amount | (D) | Price | 4) | ||||||||||||||||||||||
Common Stock | 10/11/2019 | M(1) | 11716 | A | $204.01 | 54933 | D | ||||||||||||||||||||
Common Stock | 10/11/2019 | S(1) | 3500 | D | $304.3541 (2) | 51433 | D | ||||||||||||||||||||
Common Stock | 10/11/2019 | S(1) | 4862 | D | $305.1607 (3) | 46571 | D | ||||||||||||||||||||
Common Stock | 10/11/2019 | S(1) | 1254 | D | $306.702 (4) | 45317 | D | ||||||||||||||||||||
Common Stock | 10/11/2019 | S(1) | 2100 | D | $308.4552 (5) | 43217 | D | ||||||||||||||||||||
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||||||||||||||
1. Title of Derivate | 2. | 3. Trans. | 3A. Deemed | 4. Trans. | 5. Number of | 6. Date Exercisable and | 7. Title and Amount of | 8. Price of | 9. Number of | 10. | 11. Nature | ||||||||||||||||
Security | Conversion | Date | Execution | Code | Derivative Securities | Expiration Date | Securities Underlying | Derivative | derivative | Ownership | of Indirect | ||||||||||||||||
(Instr. 3) | or Exercise | Date, if any | (Instr. 8) | Acquired (A) or | Derivative Security | Security | Securities | Form of | Beneficial | ||||||||||||||||||
Price of | Disposed of (D) | (Instr. 3 and 4) | (Instr. 5) | Beneficially | Derivative | Ownership | |||||||||||||||||||||
Derivative | (Instr. 3, 4 and 5) | Owned | Security: | (Instr. 4) | |||||||||||||||||||||||
Security | Amount or | Following | Direct (D) | ||||||||||||||||||||||||
Date | Expiration | Reported | or Indirect | ||||||||||||||||||||||||
Code | V | (A) | (D) | Exercisable | Date | Title | Number of | Transaction(s) | (I) (Instr. | ||||||||||||||||||
Shares | (Instr. 4) | 4) | |||||||||||||||||||||||||
Stock Option | $204.01 | 10/11/2019 | M (1) | 11716 | 4/25/2015 | 4/24/2022 | Common | 11716 | $0.00 | 0 | D | ||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $245.86 | 4/24/2016 | 4/23/2023 | Common | 11543 | 11543 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $248.22 | 4/30/2017 | 4/29/2024 | Common | 7360 | 7360 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $231.88 | 4/1/2018 | 3/31/2025 | Common | 9728 | 9728 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $234.38 | 4/1/2019 | 3/31/2026 | Common | 12390 | 12390 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $231.20 | 4/3/2020 | 4/2/2027 | Common | 8607 | 8607 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $276.64 | 4/2/2021 | 4/1/2028 | Common | 8979 | 8979 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Stock Option | $311.26 | (6) | 3/31/2029 | Common | 5977 | 5977 | D | ||||||||||||||||||||
Stock | |||||||||||||||||||||||||||
Explanation of Responses:
- Transaction pursuant to a previously adopted Rule 10b5-1 trading program.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.70 to $304.56, inclusive. The reporting person undertakes to provide W.W. Grainger, Inc., any security holder of W.W. Grainger, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), and (5) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $305.07 to $305.81, inclusive.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $306.43 to $307.28, inclusive.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $308.42 to $308.46, inclusive.
- The stock option will fully vest in three years, where 1/3 shall vest on April 1, 2020, 1/3 shall vest on April 1, 2021, and the remainder shall vest on 4/1/2022.
Reporting Owners
Reporting Owner Name / Address | Relationships | |||||
Director | 10% OwnerOfficer | Other | ||||
HOWARD JOHN L | ||||||
100 GRAINGER PARKWAY | Sr. VP and General Counsel | |||||
LAKE FOREST, IL 60045 | ||||||
Signatures | ||||||
Hugo Dubovoy, Jr., as attorney-in-fact | 10/15/2019 | |||||
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
- If the form is filed by more than one reporting person, see Instruction 4(b)(v).
- Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Disclaimer
W.W. Grainger Inc. published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 12:21:08 UTC