GRAINGER W W INC

Ticker: GWW CUSIP: 384802104 Class: COM

Skylands Capital, LLC's Holding History (CIK: 0001299910)

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

Q4 2014

Shares 1,075 Value ($000) $274 Avg Close $205.91 Range $186.43 - $218.71

Q3 2014

Shares 6,885 Value ($000) $1,733 Avg Close $203.85 Range $191.62 - $212.51

Q2 2014

Shares 11,160 Value ($000) $2,838 Avg Close $211.37 Range $202.37 - $223.51

Q1 2014

Shares 17,710 Value ($000) $4,475 Avg Close $205.60 Range $187.55 - $219.85

Q4 2013

Shares 18,350 Value ($000) $4,687 Avg Close $213.42 Range $202.89 - $224.72

Q3 2013

Shares 4,625 Value ($000) $1,210 Avg Close $212.81 Range $200.67 - $226.37

Q2 2013

Shares 5,525 Value ($000) $1,393 Avg Close $201.89 Range $176.15 - $219.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	1,075	$274	$205.91	$186.43 - $218.71
Q3 2014	6,885	$1,733	$203.85	$191.62 - $212.51
Q2 2014	11,160	$2,838	$211.37	$202.37 - $223.51
Q1 2014	17,710	$4,475	$205.60	$187.55 - $219.85
Q4 2013	18,350	$4,687	$213.42	$202.89 - $224.72
Q3 2013	4,625	$1,210	$212.81	$200.67 - $226.37
Q2 2013	5,525	$1,393	$201.89	$176.15 - $219.68