SEC Form 4 · accession 0001127602-15-021856
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Happe
Officer — Group VP, Res. & Cont.
Period of report
Jun 30, 2015
Accepted (ET)
Jul 1, 2015 · 4:41 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 | Jun 30, 2015 | M | 1,000 | $20.365 | A | 16,279 | D | |
| Common StockF2 | Jun 30, 2015 | S | 1,000 | $67.922 | D | 15,279 | D | |
| Common StockF3 | holding | — | — | — | 12,119 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF4 | holding | — | — | — | 3,947 | 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 OptionF5 | $20.365 | Jun 30, 2015 | M | 1,000 | D | — | Dec 1, 2019 | Common Stock | 1,000 | 11,000 | D |
Explanation of responses
- F1Includes 0.003 shares of common stock acquired by the reporting person since the date of his last report under The Toro Company Dividend Reinvestment Plan.
- 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 $67.92 to $67.93, 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 43.926 net shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
- F4Includes 14.369 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.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.