SEC Form 4 · accession 0001127602-16-047307
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip A Burkart
Officer — VP, Irrig. & Lighting Business
Period of report
Mar 22, 2016
Accepted (ET)
Mar 23, 2016 · 5:00 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 21, 2016 | G | 135 | $0.00 | D | 83,788 | D | |
| Common Stock | Mar 22, 2016 | M | 2,200 | $27.465 | A | 85,988 | D | |
| Common Stock | Mar 22, 2016 | S | 2,200 | $85.50 | D | 83,788 | D | |
| Common StockF1 | holding | — | — | — | 39,274 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF2 | holding | — | — | — | 17,241 | 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 OptionF3 | $27.465 | Mar 22, 2016 | M | 2,200 | D | — | Nov 28, 2017 | Common Stock | 2,200 | 6,600 | D |
Explanation of responses
- F1Includes 170.77 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 75.197 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.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 28, 2007.