SEC Form 4 · accession 0001127602-16-046356
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Olson
Officer — President & COO
Period of report
Mar 12, 2016
Accepted (ET)
Mar 15, 2016 · 4:34 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 Stock | Mar 12, 2016 | M | 781 | $0.00 | A | 1,125 | D | |
| Common Stock | Mar 14, 2016 | F | 267 | $82.45 | D | 858 | D | |
| Common StockF1 | holding | — | — | — | 7,613 | I | The Toro Company Investment, Savings & ISOP | |
| Performance Share UnitsF2 | holding | — | — | — | 9,407 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Mar 12, 2016 | M | 781 | D | — | — | Common Stock | 781 | 0 | D |
Explanation of responses
- F1Includes 32.888 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.
- F2Includes 41.028 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F4The restricted stock units vested and became non-forfeitable in full on March 12, 2016, which was the third anniversary of the date of grant.