SEC Form 4 · accession 0001127602-16-046350
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judy L Altmaier
Officer — VP, Exmark
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 4:27 pm EDT
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 | Mar 11, 2016 | S | 4,210 | $82.052 | D | 0 | D | |
| Common Stock | Mar 11, 2016 | M | 8,000 | $20.365 | A | 8,000 | D | |
| Common StockF2 | Mar 11, 2016 | S | 8,000 | $82.05 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 274 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF4 | holding | — | — | — | 22,674 | 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 | $20.365 | Mar 11, 2016 | M | 8,000 | D | — | Dec 1, 2019 | Common Stock | 8,000 | 0 | D |
Explanation of responses
- 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 $82.049 to $82.052, 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 (1) and (2) to this Form 4.
- 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 $81.99 to $82.13, inclusive.
- F3Includes 1.175 net shares acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
- F4Includes 98.892 performance share units acquired by the reporting person since the date of her 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 December 1, 2009.