SEC Form 4 · accession 0001127602-15-033612

TORO CO · TTC

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

Reporting owner

Timothy P Dordell

Officer — VP, Secretary, General Counsel

Period of report

Dec 7, 2015

Accepted (ET)

Dec 9, 2015 · 4:50 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 7, 2015	S	2,481	$77.11	D	34	D
Common Stock	Dec 7, 2015	M	6,663	$27.465	A	6,697	D
Common Stock^F2	Dec 7, 2015	S	6,663	$77.508	D	34	D
Common Stock	Dec 8, 2015	M	337	$27.465	A	371	D
Common Stock^F3	Dec 8, 2015	S	337	$77.516	D	34	D
Common Stock	holding	—	—		—	282	I	By Trust
Common Stock	holding	—	—		—	118	I	The Toro Company Investment, Savings & ESOP
Performance Share Units	holding	—	—		—	43,563	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 Option^F4	$27.465	Dec 7, 2015	M	6,663	D	—	Nov 28, 2017	Common Stock	6,663	14,337	D
Non-Qualified Stock Option^F4	$27.465	Dec 8, 2015	M	337	D	—	Nov 28, 2017	Common Stock	337	14,000	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $77.00 to $77.25, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $77.50 to $77.562, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $77.50 to $77.55, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 28, 2007.