SEC Form 4 · accession 0001127602-17-034091
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amy E Dahl
Officer — VP, HR & Distributor Devel.
Period of report
Dec 5, 2017
Accepted (ET)
Dec 6, 2017 · 7:09 pm EST
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 | Dec 5, 2017 | M | 81 | $0.00 | A | 3,931 | D | |
| Common Stock | Dec 5, 2017 | F | 28 | $65.40 | D | 3,903 | D | |
| Common Stock | Dec 5, 2017 | M | 239 | $0.00 | A | 4,143 | D | |
| Common Stock | Dec 5, 2017 | F | 81 | $65.40 | D | 4,062 | D | |
| Common StockF1 | holding | — | — | — | 3,207 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 5, 2017 | M | 81 | D | — | — | Common Stock | 81 | 0 | D |
| Restricted Stock UnitsF2,F4 | — | Dec 5, 2017 | M | 239 | D | — | — | Common Stock | 239 | 0 | D |
Explanation of responses
- F1Includes the following shares of common stock acquired by the reporting person since the date of her last report: 25.482 shares acquired through regular individual and issuer matching contributions to The Toro Company Investment, Savings & ESOP (the "IS&ESOP"); 25.545 net shares acquired under the dividend reinvestment feature of the IS&ESOP and a one-time revenue credit less quarterly non-discretionary administrative fees; 89.136 shares acquired through issuer annual investment fund contributions to the IS&ESOP; and 1.138 shares acquired through an account true-up adjustment.
- F2Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F3The restricted stock units and related dividend equivalents vested and became non-forfeitable in three equal annual installments commencing on December 5, 2015, which was the first anniversary of the date of grant.
- F4The restricted stock units vested and became non-forfeitable in full on December 5, 2017, which is the third anniversary of the date of grant.