SEC Form 4 · accession 0001127602-17-021521
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren L Redetzke
Officer — VP, International Business
Period of report
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 5:40 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 | Jun 13, 2017 | M | 3,256 | $14.1125 | A | 8,213 | D | |
| Common Stock | Jun 13, 2017 | S | 3,256 | $71.00 | D | 4,957 | D | |
| Common Stock | Jun 14, 2017 | M | 4,744 | $14.1125 | A | 9,701 | D | |
| Common Stock | Jun 14, 2017 | S | 4,744 | $71.00 | D | 4,957 | D | |
| Common StockF1 | holding | — | — | — | 8,114 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 32,389 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 22,220 | 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 | $14.1125 | Jun 13, 2017 | M | 3,256 | D | — | Dec 7, 2021 | Common Stock | 3,256 | 14,744 | D |
| Non-Qualified Stock OptionF4 | $14.1125 | Jun 14, 2017 | M | 4,744 | D | — | Dec 7, 2021 | Common Stock | 4,744 | 10,000 | D |
Explanation of responses
- F1Includes 47.517 shares of common stock acquired by the reporting person under a dividend reinvestment feature of the account in which the shares are held since the date of his last report.
- F2Includes the following shares of common stock acquired by the reporting person since the date of his last report: 190.404 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 65.429 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F3Includes 130.783 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 7, 2011.