SEC Form 4 · accession 0001127602-16-044903

TORO CO · TTC

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

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Mar 2, 2016

Accepted (ET)

Mar 3, 2016 · 6:18 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^F1	Mar 2, 2016	M	79,684	$22.45	A	663,573	D
Common Stock^F2	Mar 2, 2016	S	79,684	$80.221	D	583,889	D
Common Stock	Mar 2, 2016	M	72,116	$22.45	A	656,005	D
Common Stock^F3	Mar 2, 2016	S	72,116	$80.572	D	583,889	D
Common Stock	holding	—	—		—	20	I	By Son
Common Stock^F4	holding	—	—		—	124,960	I	Held by Michael J. Hoffman Irrevocable Lifetime Family Trust
Common Stock^F5	holding	—	—		—	67,767	I	The Toro Company Investment, Savings & ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option^F6	$22.45	Mar 2, 2016	M	79,684	D	—	Nov 30, 2016	Common Stock	79,684	72,116	D
Non-Qualified Stock Option^F6	$22.45	Mar 2, 2016	M	72,116	D	—	Nov 30, 2016	Common Stock	72,116	0	D

F1Includes 1,542.571 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 (a "DRIP").
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 $79.93 to $80.35, 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) and(3) 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 $80.355 to $81.22, inclusive.
F4Includes 544.631 shares of common stock acquired by the reporting person under a DRIP since the date of his last report.
F5Includes 294.927 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.
F6The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 30, 2006.