GRACO INC

Ticker: GGG CUSIP: 384109104 Class: EQTY

ARCADIA INVESTMENT MANAGEMENT CORP/MI's Holding History (CIK: 0001016972)

Note: Option positions (PUT/CALL) are excluded.

Q2 2017

Shares 415 Value ($000) $45 Avg Close $31.78 Range $27.60 - $34.28

Q1 2017

Shares 415 Value ($000) $39 Avg Close $26.93 Range $24.44 - $28.32

Q4 2016

Shares 415 Value ($000) $34 Avg Close $23.37 Range $20.56 - $25.21

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	415	$45	$31.78	$27.60 - $34.28
Q1 2017	415	$39	$26.93	$24.44 - $28.32
Q4 2016	415	$34	$23.37	$20.56 - $25.21