SEC Form 4 · accession 0001127602-16-043199

TORO CO · TTC

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

Reporting owner

Officer — VP, Global Operations

Period of report

Feb 22, 2016

Accepted (ET)

Feb 24, 2016 · 5:22 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	Feb 22, 2016	M	3,500	$20.365	A	3,500	D
Common Stock^F1	Feb 22, 2016	S	3,500	$79.879	D	0	D
Common Stock^F2	holding	—	—		—	118	I	The Toro Company Investment, Savings & ESOP
Performance Share Units^F3	holding	—	—		—	17,000	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option^F4	$20.365	Feb 22, 2016	M	3,500	D	—	Dec 1, 2019	Common Stock	3,500	3,500	D

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 $79.86 to $79.89, 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.
F2Includes 0.299 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 74.144 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.
F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.