SEC Form 4 · accession 0001127602-17-001405
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Buhrmaster
Director
Period of report
Jan 5, 2017
Accepted (ET)
Jan 9, 2017 · 7:22 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 | Jan 5, 2017 | M | 2,000 | $13.4025 | A | 36,305 | D | |
| Common StockF1 | Jan 5, 2017 | S | 2,000 | $57.224 | D | 34,305 | D | |
| Common Stock | Jan 6, 2017 | M | 8,492 | $13.4025 | A | 42,797 | D | |
| Common StockF2 | Jan 6, 2017 | S | 8,492 | $56.863 | D | 34,305 | D | |
| Common StockF3 | Jan 6, 2017 | S | 10,000 | $57.085 | D | 24,305 | D | |
| Common Stock | holding | — | — | — | 34,194 | I | Held by the Robert C Buhrmaster Grantor Retained Annuity Trust | |
| Common Stock Units | 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 OptionF4 | $13.4025 | Jan 5, 2017 | M | 2,000 | D | — | Nov 1, 2017 | Common Stock | 2,000 | 8,492 | D |
| Non-Qualified Stock OptionF4 | $13.4025 | Jan 6, 2017 | M | 8,492 | D | — | Nov 1, 2017 | Common Stock | 8,492 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $57.05 to $57.402, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $56.66 to $57.09, inclusive.
- F3The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $57.05 to $57.155, inclusive.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 1, 2007.