SEC Form 4 · accession 0001127602-16-047497
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren L Redetzke
Officer — VP, International Business
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 4:53 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 23, 2016 | M | 9,600 | $31.76 | A | 10,662 | D | |
| Common Stock | Mar 23, 2016 | S | 9,600 | $86.50 | D | 1,062 | D | |
| Common StockF1 | holding | — | — | — | 3,994 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 15,863 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 10,936 | 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 OptionF4 | $31.76 | Mar 23, 2016 | M | 9,600 | D | — | Dec 8, 2020 | Common Stock | 9,600 | 0 | D |
Explanation of responses
- F1Includes 17.349 shares of common stock acquired by the reporting person under a dividend reinvestment feature of the account in which the shares are held since the date of his last report.
- F2Includes 68.943 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.
- F3Includes 47.696 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.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 8, 2010.