SEC Form 4 · accession 0001127602-15-001245
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Drazan
Officer — VP, Global Micro Irrigation
Period of report
Jan 5, 2015
Accepted (ET)
Jan 6, 2015 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000737758
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 5, 2015 | M | 8,800 | $20.095 | A | 63,542 | D | |
| Common Stock | Jan 5, 2015 | F | 4,930 | $62.37 | D | 58,612 | D | |
| Common Stock | holding | — | — | — | 4,549 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | holding | — | — | — | 27,421 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF1 | $20.095 | Jan 5, 2015 | M | 8,800 | D | — | Nov 30, 2015 | Common Stock | 8,800 | 0 | D |
Explanation of responses
- F1The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 30, 2005.