SEC Form 4 · accession 0001127602-15-010182
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter M Ramstad
Officer — VP, HR and Bus. Development
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:58 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 StockF1 | Mar 2, 2015 | M | 5,200 | $14.31 | A | 7,507 | D | |
| Common Stock | Mar 2, 2015 | S | 5,200 | $67.75 | D | 2,307 | D | |
| Common Stock | Mar 2, 2015 | M | 10,500 | $20.365 | A | 12,807 | D | |
| Common Stock | Mar 2, 2015 | S | 10,500 | $67.75 | D | 2,307 | D | |
| Common StockF2 | holding | — | — | — | 700 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 35,226 | 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 OptionF4 | $14.31 | Mar 2, 2015 | M | 5,200 | D | — | Dec 3, 2018 | Common Stock | 5,200 | 0 | D |
| Non-Qualified Stock OptionF5 | $20.365 | Mar 2, 2015 | M | 10,500 | D | — | Dec 1, 2019 | Common Stock | 10,500 | 10,500 | D |
Explanation of responses
- F1Includes 14.576 shares of common stock acquired by the reporting person under The Toro Company Dividend Reinvestment Plan since the date of his last report.
- F2Includes 2.819 net shares acquired by the reporting person under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
- F3Includes 142.85 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.