SEC Form 4 · accession 0001127602-17-022436
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt D Svendsen
Officer — VP, Information Services
Period of report
Jun 29, 2017
Accepted (ET)
Jun 30, 2017 · 12:18 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 StockF1 | Jun 29, 2017 | M | 3,340 | $15.88 | A | 10,550 | D | |
| Common StockF2 | Jun 29, 2017 | S | 3,340 | $69.083 | D | 7,210 | D | |
| Common Stock | Jun 29, 2017 | M | 3,000 | $21.03 | A | 10,210 | D | |
| Common StockF3 | Jun 29, 2017 | S | 3,000 | $69.084 | D | 7,210 | D | |
| Common StockF4 | holding | — | — | — | 10,072 | 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 OptionF5 | $15.88 | Jun 29, 2017 | M | 3,340 | D | — | Dec 8, 2020 | Common Stock | 3,340 | 0 | D |
| Non-Qualified Stock OptionF6 | $21.03 | Jun 29, 2017 | M | 3,000 | D | — | Dec 11, 2022 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Includes 42.294 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.
- 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 $68.98 to $69.15, 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 with in the ranges set forth in footnotes (1) and (2) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $69.01 to $69.141, inclusive.
- F4Includes the following shares of common stock acquired by the reporting person since the date of his last report: 58.964 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.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 8, 2010.
- F6The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 11, 2012.