SEC Form 4 · accession 0001127602-15-033413
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
Dec 3, 2015
Accepted (ET)
Dec 7, 2015 · 5:36 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 StockF1 | Dec 3, 2015 | A | 3,160 | $0.00 | A | 56,011 | D | |
| Common Stock | Dec 3, 2015 | F | 1,524 | $74.33 | D | 54,487 | D | |
| Common StockF2 | holding | — | — | — | 4,674 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 27,827 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- 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 15.422 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.
- F3Includes 93.214 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.