SEC Form 4 · accession 0001127602-15-026756
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
Sep 8, 2015
Accepted (ET)
Sep 9, 2015 · 7:15 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 | Sep 8, 2015 | M | 2,000 | $20.365 | A | 17,279 | D | |
| Common Stock | Sep 8, 2015 | S | 2,000 | $71.82 | D | 15,279 | D | |
| Common StockF2 | holding | — | — | — | 12,163 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 3,962 | 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 | $20.365 | Sep 8, 2015 | M | 2,000 | D | — | Dec 1, 2019 | Common Stock | 2,000 | 9,000 | 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.
- F2Includes 44.021 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 14.402 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.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.