SEC Form 4 · accession 0001127602-16-066054
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Buhrmaster
Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 4:36 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,F2 | Nov 1, 2016 | A | 1,268 | $0.00 | A | 34,305 | D | |
| Common StockF3 | holding | — | — | — | 34,194 | I | Held by the Robert C Buhrmaster Grantor Retained Annuity Trust | |
| Common Stock UnitsF4 | holding | — | — | — | 17,829 | 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 OptionF5,F6 | $47.17 | Nov 1, 2016 | A | 4,951 | A | — | Nov 1, 2026 | Common Stock | 4,951 | 4,951 | D |
Explanation of responses
- F1Annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended (the "Amended and Restated 2010 Plan").
- F2On September 16, 2016, the common stock of the issuer split two-for-one (the "Stock Split"), resulting in the reporting person's ownership of 16,423.579 additional shares of common stock. Also includes 189.545 post-split shares of common stock acquired by the reporting person 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.
- F3Includes 403.109 post-split shares of common stock acquired by the reporting person under the DRIP since the date of his last report and 16,895.423 additional shares of common stock as a result of the Stock Split.
- F4Includes 175.336 post-split common stock units acquired by the reporting person under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Non-Employee Directors since the date of his last report and 8,826.653 additional common stock units acquired as a result of the Stock Split.
- F5Annual option grant for service as a non-employee director issued under the Amended and Restated 2010 Plan.
- F6The option vests in three equal annual installments commencing on the first anniversary of the date of grant.