SEC Form 4 · accession 0001127602-16-043193
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Brown Jr.
Officer — Group VP, Res & Cont
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 5:15 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,F2 | Feb 22, 2016 | S | 5,091 | $79.457 | D | 0 | I | The Toro Company Investment, Savings & ESOP |
| Common Stock | Feb 23, 2016 | M | 5,600 | $22.45 | A | 105,869 | D | |
| Common StockF3 | Feb 23, 2016 | S | 5,600 | $79.232 | D | 100,269 | D | |
| Common StockF4 | Feb 23, 2016 | S | 3,754 | $79.155 | D | 96,515 | 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 OptionF5 | $22.45 | Feb 23, 2016 | M | 5,600 | D | — | Nov 30, 2016 | Common Stock | 5,600 | 0 | D |
Explanation of responses
- F1Includes 22.125 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.
- 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 $79.43 to $79.465, 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 ranges set forth in footnotes (2), (3) and (4) to this Form 4.
- 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 $79.03 to $79.53, inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $79.035 to $79.345, inclusive.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 30, 2006.