SEC Form 4 · accession 0001127602-15-027335
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 15, 2015
Accepted (ET)
Sep 17, 2015 · 5:25 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 | holding | — | — | — | 15,279 | D | ||
| Common Stock | holding | — | — | — | 12,163 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Sep 15, 2015 | A | 10,000 | A | — | — | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F2The restricted stock units vest and become non-forfeitable in full on September 15, 2018, which is the third anniversary of the date of grant.