SEC Form 4 · accession 0001127602-16-066077
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Calvin O'Rourke
Director
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 4:54 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 | 8,484 | 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 3,608 additional shares of common stock. 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.