American Association of Collegiate Registrars and Admissions Officers (AACRAO) is developing guidance on a range of topics in support of institutions of higher education need to adjust, review and consider many of their practices in light of the impact of COVID-19 on normal operations. To help develop this guidance and the members understanding of how other institutions are responding to COVID-19, the authors will deploy a series of rapidly developed practice impact surveys. This is the first of those surveys and focused primarily on grading and transcript practices but also asked questions about commencement and/or convocation. The survey was open for only 2.5 business days (March 30-April 1, 2020) and over 600 responses were received in that timeframe. 13 countries are represented with the largest percentage representing U.S. institutions (94%). [For "Undergraduate Enrollment Indicators, Impact on Admissions Practice and Fall Course Delivery: Results of the AACRAO COVID-19 Impact Snapshot Survey #2," see ED606287; "Transfer Credit Evaluation, Official Transcript Receipt & Delivery, Test Score Receipt and Fall Calendar/Sessions Plans: Results of the AACRAO COVID-19 Impact Snapshot Survey #3," see ED606288; and "Enrollment Indicators, Fall Course Delivery, Fall Calendar and Social Distancing Measure Plans as of May 20, 2020: Results of the AACRAO COVID-19 Impact Snapshot Survey #4," see ED606289.]