SEC Form 4 · accession 0001127602-16-069439

TORO CO · TTC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Amy E Dahl

Officer — VP, Human Resources

Period of report

Dec 5, 2016

Accepted (ET)

Dec 7, 2016 · 5:31 pm EST

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^F1	Dec 5, 2016	M	78	$0.00	A	2,114	D
Common Stock	Dec 5, 2016	F	27	$52.75	D	2,087	D
Common Stock	Dec 6, 2016	M	240	$0.00	A	2,327	D
Common Stock	Dec 6, 2016	F	81	$54.52	D	2,246	D
Common Stock	Dec 6, 2016	M	81	$0.00	A	2,327	D
Common Stock	Dec 6, 2016	F	28	$54.52	D	2,299	D
Common Stock^F2	holding	—	—		—	3,047	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
Restricted Stock Units^F3,F4,F5	—	Dec 5, 2016	M	78	D	—	—	Common Stock	78	80	D
Restricted Stock Units^F3,F6,F5	—	Dec 6, 2016	M	240	D	—	—	Common Stock	240	0	D
Restricted Stock Units^F3,F7,F5	—	Dec 6, 2016	M	81	D	—	—	Common Stock	81	0	D

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 1,017.893 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.
F2Includes the following shares of common stock acquired by the reporting person since the date of her last report: 18.571 post-split shares acquired through regular individual and issuer matching contributions to The Toro Company Investment, Savings & ESOP (the "IS&ESOP"); 19.278 post-split net shares acquired under the dividend reinvestment feature of the IS&ESOP less quarterly non-discretionary administrative fees; and 1,504.526 additional shares of common stock as a result of the Stock Split.
F3Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
F4The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on December 5, 2015, which was the first anniversary of the date of grant.
F5The restricted stock units were adjusted to reflect the Stock Split.
F6The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on December 6, 2016, which is the third anniversary of the date of grant.
F7The restricted stock units and related dividend equivalents vested and became non-forfeitable in three equal annual installments commencing on December 6, 2014, which was the first anniversary of the date of grant.