SEC Form 4 · accession 0001127602-15-033424
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt D Svendsen
Officer — VP, Information Services
Period of report
Dec 4, 2015
Accepted (ET)
Dec 7, 2015 · 5:57 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 | holding | — | — | — | 2,944 | D | ||
| Common StockF2 | holding | — | — | — | 4,858 | I | The Toro Company Investment, Savings & ESOP |
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 OptionF3 | $77.64 | Dec 4, 2015 | A | 3,000 | A | — | Dec 4, 2025 | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Includes 43.426 shares of common stock acquired by the reporting person under a dividend reinvestment feature of the account in which the shares are held since the date of his last report.
- F2Includes the following shares of common stock acquired by the reporting person since the date of his last report: 70.454 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 57.894 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F3The option vests in three equal annual installments commencing on the first anniversary of the date of grant.