SEC Form 4 · accession 0001127602-16-071022
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip A Burkart
Officer — VP, Irrig. & Lighting Business
Period of report
Dec 27, 2016
Accepted (ET)
Dec 29, 2016 · 4:34 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 | Dec 27, 2016 | S | 1,735 | $56.394 | D | 167,576 | D | |
| Common Stock | Dec 27, 2016 | M | 7,600 | $7.155 | A | 175,176 | D | |
| Common Stock | Dec 27, 2016 | S | 7,600 | $56.50 | D | 167,576 | D | |
| Common Stock | holding | — | — | — | 79,418 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | holding | — | — | — | 34,825 | 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 OptionF1 | $7.155 | Dec 27, 2016 | M | 7,600 | D | — | Dec 3, 2018 | Common Stock | 7,600 | 30,000 | D |
Explanation of responses
- F1The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.