SEC Form 4 · accession 0001127602-16-043197
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
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 5:19 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 | Feb 22, 2016 | G | 135 | $0.00 | D | 148 | I | By Trust |
| Common Stock | Feb 22, 2016 | S | 34 | $79.45 | D | 0 | D | |
| Common Stock | Feb 22, 2016 | M | 14,000 | $27.465 | A | 14,000 | D | |
| Common StockF2 | Feb 22, 2016 | S | 14,000 | $79.688 | D | 0 | D | |
| Common Stock | Feb 23, 2016 | M | 14,551 | $14.31 | A | 14,551 | D | |
| Common Stock | Feb 23, 2016 | S | 14,551 | $80.00 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 119 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF4 | holding | — | — | — | 43,753 | 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 | $27.465 | Feb 22, 2016 | M | 14,000 | D | — | Nov 28, 2017 | Common Stock | 14,000 | 0 | D |
| Non-Qualified Stock OptionF6 | $14.31 | Feb 23, 2016 | M | 14,551 | D | — | Dec 3, 2018 | Common Stock | 14,551 | 20,449 | D |
Explanation of responses
- F1Includes 0.644 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.
- 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 $79.50 to $79.90, 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.
- F3Includes 0.471 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.
- F4Includes 190.828 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.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 28, 2007.
- F6The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.