SEC Form 4 · accession 0001127602-16-066068
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M Ettinger
Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 4:44 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 | 31,988 | 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 OptionF3,F4 | $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 15,143.134 additional shares of common stock. Also includes 433.755 post-split shares of common stock acquired by the reporting person under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan 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.
- F3Annual option grant for service as a non-employee director issued under the Amended and Restated 2010 Plan.
- F4The option vests in three equal annual installments commencing on the first anniversary of the date of grant.