SEC Form 4 · accession 0001127602-15-033408

TORO CO · TTC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Group VP, Comm. & Irrigation

Period of report

Dec 3, 2015

Accepted (ET)

Dec 7, 2015 · 5:26 pm EST

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^F1	Dec 3, 2015	A	6,594	$0.00	A	103,504	D
Common Stock	Dec 3, 2015	F	2,840	$74.33	D	100,664	D
Common Stock^F2	holding	—	—		—	5,069	I	The Toro Company Investment, Savings & ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option^F3	$77.64	Dec 4, 2015	A	12,300	A	—	Dec 4, 2025	Common Stock	12,300	12,300	D

F1Represents the payout of a Performance Share Award for the Fiscal 2013 to Fiscal 2015 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended, (the "Amended and Restated 2010 Plan") as approved by the registrant's Compensation & Human Resources Committee of its Board of Directors on December 1, 2015, and which was conditioned upon and subject to confirmation by the registrant's Fiscal 2015 financial results that were released on December 3, 2015. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
F2Includes 16.98 net shares 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.
F3The option vests in three equal annual installments commencing on the first anniversary of the date of grant.