SEC Form 4 · accession 0001127602-16-063545
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Hoffman
Officer — Chairman & CEO · Director
Period of report
Sep 28, 2016
Accepted (ET)
Sep 30, 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 | Sep 28, 2016 | G | 3,140 | $0.00 | D | 1,169,404 | D | |
| Common StockF2 | holding | — | — | — | 40 | I | By Son | |
| Common StockF3 | holding | — | — | — | 251,603 | I | Held by Michael J. Hoffman Irrevocable Lifetime Family Trust | |
| Common StockF4 | holding | — | — | — | 136,538 | I | The Toro Company Investment, Savings & ESOP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 16, 2016, the common stock of the issuer split two-for-one (the "Stock Split"), resulting in the reporting person's ownership of 585,098.697 additional shares of common stock and 2,346.396 post-split shares of common stock acquired under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan (the "DRIP") since the date of his last report. All future Form 4 and 5 filings made by the reporting person will include adjustments, as necessary, to reflect the Stock Split.
- F2Includes 20 additional shares of common stock as a result of the Stock Split by the reporting person's son, who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.
- F3Includes 828.436 post-split shares of common stock acquired by the reporting person under the DRIP since the date of his last report and 125,387.428 additional shares of common stock as a result of the Stock Split.
- F4Includes 448.792 post-split net shares acquired by the reporting person under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP since the date of his last report, less quarterly non-discretionary administrative fees, and 68,044.819 additional shares of common stock as a result of the Stock Split.