SEC Form 4 · accession 0001127602-15-011443
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P Dordell
Officer — VP, Secretary, General Counsel
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 5:08 pm EDT
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 | Feb 23, 2015 | G | 150 | $0.00 | D | 169 | D | |
| Common Stock | Mar 12, 2015 | M | 5,340 | $21.165 | A | 5,509 | D | |
| Common StockF2 | Mar 12, 2015 | S | 5,340 | $68.166 | D | 169 | D | |
| Common StockF3 | holding | — | — | — | 145 | I | By Trust | |
| Common StockF4 | holding | — | — | — | 117 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF5 | holding | — | — | — | 41,521 | 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 OptionF6 | $21.165 | Mar 12, 2015 | M | 5,340 | D | — | Sep 19, 2016 | Common Stock | 5,340 | 0 | D |
Explanation of responses
- F1These shares owned directly by Mr. Dordell were inadvertently reported as being owned through a trust on previous Form 4 filings.
- F2The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $68.085 to $68.355, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Includes 0.592 shares of common stock acquired by the reporting person since the date of his last report under The Toro Company Dividend Reinvestment Plan.
- F4Includes the following shares of common stock acquired by the reporting person since the date of his last report: 0.035 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 57.894 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F5Includes 168.38 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.
- F6The option vested in three equal annual installments commencing on the first anniversay of the date of grant, which was September 19, 2006.