SEC Form 4 · accession 0001127602-16-061606
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
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 5:21 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 | Aug 26, 2016 | G | 3,046 | $0.00 | D | 93,469 | D | |
| Common Stock | Aug 29, 2016 | M | 6,000 | $14.31 | A | 99,469 | D | |
| Common StockF1 | Aug 29, 2016 | S | 6,000 | $98.339 | D | 93,469 | 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 | $14.31 | Aug 29, 2016 | M | 6,000 | D | — | Dec 3, 2018 | Common Stock | 6,000 | 5,068 | 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 $98.05 to $98.59, 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 ranges set forth in this footnote.
- F2Includes 0.113 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of 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 December 3, 2008.