SEC Form 4 · accession 0001127602-15-012459
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Brown Jr.
Officer — Group VP, Comm. & Irrigation
Period of report
Mar 20, 2015
Accepted (ET)
Mar 24, 2015 · 6:13 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,F2 | Mar 20, 2015 | F | 1,066 | $69.45 | D | 103,216 | D | |
| Common StockF3 | holding | — | — | — | 5,015 | I | The Toro Company Investment, Savings & ESOP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock withheld for the payment of taxes in connection with the vesting on March 20, 2015, of 3,114.676 shares and related dividend reinvestment shares of restricted stock awarded to the reporting person on March 20, 2012 (the "Restricted Stock Award"). The Restricted Stock Award was previously reported on a Form 4 by the reporting person on March 21, 2012, and has been adjusted to reflect the issuer's two-for-one common stock split on June 29, 2012.?The Restricted Stock Award and all related dividend reinvestment shares vested in full on the third anniversary of the date of grant.
- F2Includes 12.675 shares of common stock acquired by the reporting person since the date of his last report under The Toro Company Dividend Reinvestment Plan on 3,102.001 shares of restricted stock.
- F3Includes the following shares of common stock acquired by the reporting person since the date of his last report: 20.17 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (IS&ESOP) less quarterly non-discretionary administrative fees; and 42.029 shares acquired through issuer annual investment fund contributions to the IS&ESOP.