SEC Form 4 · accession 0001127602-16-048163
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt D Svendsen
Officer — VP, Information Services
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:35 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 31, 2016 | M | 3,150 | $14.31 | A | 6,244 | D | |
| Common StockF2 | Mar 31, 2016 | S | 3,150 | $86.333 | D | 3,094 | D | |
| Common StockF3 | holding | — | — | — | 4,926 | 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 OptionF4 | $14.31 | Mar 31, 2016 | M | 3,150 | D | — | Dec 3, 2018 | Common Stock | 3,150 | 0 | D |
Explanation of responses
- F1Includes 12.854 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.
- 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 $86.17 to $86.37, 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.
- F3Includes the following shares of common stock acquired by the reporting person since the date of his last report: 21.172 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 45.984 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.