SEC Form 4 · accession 0001127602-17-022252
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard W Rodier
Officer — VP, Sitework Systems
Period of report
Jun 23, 2017
Accepted (ET)
Jun 27, 2017 · 4:55 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 23, 2017 | M | 4,000 | $10.1825 | A | 33,395 | D | |
| Common StockF1 | Jun 23, 2017 | S | 4,000 | $70.73 | D | 29,395 | D | |
| Common Stock | Jun 26, 2017 | G | 3,000 | $0.00 | D | 26,395 | D | |
| Common StockF2,F3 | Jun 26, 2017 | S | 3,000 | $70.741 | D | 7,446 | I | The Toro Company Investment, Savings & ESOP |
| Performance Share UnitsF4 | holding | — | — | — | 2,138 | 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 OptionF5 | $10.1825 | Jun 23, 2017 | M | 4,000 | D | — | Dec 1, 2019 | Common Stock | 4,000 | 12,000 | 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 $70.72 to $70.742, 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) and (2) 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 $70.711 to $70.742, inclusive.
- F3Includes the following shares of common stock acquired by the reporting person since the date of his last report: 90.401 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 61.232 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F4Includes 5.98 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.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.