SEC Form 4 · accession 0001127602-16-047727
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Brown Jr.
Officer — Group VP, Res & Cont
Period of report
Mar 28, 2016
Accepted (ET)
Mar 29, 2016 · 4:33 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 28, 2016 | M | 8,800 | $27.465 | A | 105,315 | D | |
| Common StockF1 | Mar 28, 2016 | S | 8,800 | $87.331 | D | 96,515 | D | |
| Common StockF2 | holding | — | — | — | 34 | I | The Toro Company Investment, Savings & ESOP |
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 28, 2016 | M | 8,800 | D | — | Nov 28, 2017 | Common Stock | 8,800 | 4,400 | 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 $87.13 to $87.53, 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 range set forth in this footnote.
- F2Represents shares of common stock acquired by the reporting person through issuer annual investment fund contributions to The Toro Company Investment, Savings & ESOP.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 28, 2007.