SEC Form 4 · accession 0001127602-17-013280
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
Mar 28, 2017
Accepted (ET)
Mar 30, 2017 · 4:32 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 Stock | Mar 28, 2017 | M | 9,900 | $7.155 | A | 177,291 | D | |
| Common Stock | Mar 28, 2017 | S | 9,900 | $61.50 | D | 167,391 | D | |
| Common Stock | holding | — | — | — | 79,731 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | holding | — | — | — | 34,933 | 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 | Mar 28, 2017 | M | 9,900 | D | — | Dec 3, 2018 | Common Stock | 9,900 | 20,000 | 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.