SEC Form 4 · accession 0001127602-16-043860
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 25, 2016
Accepted (ET)
Feb 29, 2016 · 4:18 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 25, 2016 | M | 5,079 | $14.31 | A | 5,079 | D | |
| Common Stock | Feb 25, 2016 | S | 5,079 | $80.00 | D | 0 | D | |
| Common Stock | Feb 26, 2016 | M | 15,370 | $14.31 | A | 15,370 | D | |
| Common Stock | Feb 26, 2016 | S | 15,370 | $80.00 | D | 0 | D | |
| Common Stock | holding | — | — | — | 148 | I | By Trust | |
| Common Stock | holding | — | — | — | 119 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | 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 OptionF1 | $14.31 | Feb 25, 2016 | M | 5,079 | D | — | Dec 3, 2018 | Common Stock | 5,079 | 15,370 | D |
| Non-Qualified Stock OptionF1 | $14.31 | Feb 26, 2016 | M | 15,370 | D | — | Dec 3, 2018 | Common Stock | 15,370 | 0 | D |
Explanation of responses
- F1The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.