SEC Form 4 · accession 0001127602-17-021808
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Olson
Officer — President & CEO · Director
Period of report
Jun 16, 2017
Accepted (ET)
Jun 19, 2017 · 6:55 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 16, 2017 | M | 5,004 | $0.00 | A | 6,720 | D | |
| Common Stock | Jun 16, 2017 | F | 1,682 | $72.39 | D | 5,038 | D | |
| Common StockF1 | holding | — | — | — | 15,626 | I | The Toro Company Investment, Savings & ISOP | |
| Performance Share UnitsF2 | holding | — | — | — | 22,878 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Jun 16, 2017 | M | 5,004 | D | — | — | Common Stock | 5,004 | 0 | D |
Explanation of responses
- F1Includes the following shares of common stock acquired by the reporting person since the date of his last report: 91.311 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.
- F2Includes 134.661 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F4The restricted stock units vested and became non-forfeitable in full on June 16, 2017, which is the third anniversary of the date of grant.