SEC Form 4 · accession 0001127602-17-010190
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:37 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 | Mar 1, 2017 | M | 2,740 | $7.155 | A | 5,039 | D | |
| Common StockF1 | Mar 1, 2017 | S | 2,740 | $61.207 | D | 2,299 | D | |
| Common Stock | Mar 1, 2017 | M | 2,740 | $7.155 | A | 5,039 | D | |
| Common Stock | Mar 1, 2017 | F | 1,189 | $61.20 | D | 3,850 | D | |
| Common StockF2 | holding | — | — | — | 3,066 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF3 | $7.155 | Mar 1, 2017 | M | 2,740 | D | — | Dec 3, 2018 | Common Stock | 2,740 | 2,740 | D |
| Non-Qualified Stock OptionF3 | $7.155 | Mar 1, 2017 | M | 2,740 | D | — | Dec 3, 2018 | Common Stock | 2,740 | 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 $61.205 to $61.21, 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 range set forth in this footnote.
- F2Includes the following shares of common stock acquired by the reporting person since the date of her last report: 9.422 shares acquired through regular individual and issuer matching contributions to The Toro Company Investment, Savings & ESOP (the "IS&ESOP"); and 9.397 net shares acquired under the dividend reinvestment feature of the IS&ESOP less quarterly non-discretionary administrative fees.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.