GRACO INC

Ticker: GGG CUSIP: 384109104 Class: EQTY

Select Equity Group, L.P.'s Holding History (CIK: 0001592643)

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

Q4 2016

Shares 106,295 Value ($000) $8,832,052 Avg Close $23.37 Range $20.56 - $25.21

Q3 2016

Shares 191,813 Value ($000) $14,194,162 Avg Close $22.14 Range $20.80 - $23.92

Q1 2014

Shares 84,615 Value ($000) $6,324,125 Avg Close $21.24 Range $18.46 - $22.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	106,295	$8,832,052	$23.37	$20.56 - $25.21
Q3 2016	191,813	$14,194,162	$22.14	$20.80 - $23.92
Q1 2014	84,615	$6,324,125	$21.24	$18.46 - $22.37