SEC Form 4 · accession 0001127602-15-026223
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Drazan
Officer — VP, Global Micro Irrigation
Period of report
Aug 28, 2015
Accepted (ET)
Aug 31, 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 | Aug 28, 2015 | S | 5,156 | $70.613 | D | 52,851 | D | |
| Common StockF2 | holding | — | — | — | 4,659 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 27,734 | D |
Table II — derivative securities
No Table II lines on this filing.
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 $70.44 to $70.74, 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 16.64 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.
- F3Includes 100.821 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.