SEC Form 4 · accession 0001127602-15-021202
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judy L Altmaier
Officer — VP, Exmark
Period of report
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 5:22 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 Stock | Jun 19, 2015 | M | 6,000 | $19.465 | A | 7,656 | D | |
| Common StockF1 | Jun 19, 2015 | S | 6,000 | $68.77 | D | 1,656 | D | |
| Common Stock | Jun 22, 2015 | M | 10,000 | $20.365 | A | 11,656 | D | |
| Common Stock | Jun 22, 2015 | S | 10,000 | $69.09 | D | 1,656 | D | |
| Common StockF2 | holding | — | — | — | 271 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 22,418 | 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 | $19.465 | Jun 19, 2015 | M | 6,000 | D | — | Oct 19, 2019 | Common Stock | 6,000 | 0 | D |
| Non-Qualified Stock OptionF5 | $20.365 | Jun 22, 2015 | M | 10,000 | D | — | Dec 1, 2019 | Common Stock | 10,000 | 8,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $68.65 to $68.86, 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.
- F2Includes the following shares of common stock acquired by the reporting person since the date of her last report: 1.808 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.
- F3Includes 172.181 performance share units acquired by the reporting person since the date of her 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 October 19, 2009.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.