SEC Form 4 · accession 0001127602-17-034093
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley A Hamilton
Officer — Group VP, Commercial & Intl
Period of report
Dec 5, 2017
Accepted (ET)
Dec 6, 2017 · 7:13 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 StockF1 | Dec 5, 2017 | M | 81 | $0.00 | A | 1,879 | D | |
| Common Stock | Dec 5, 2017 | F | 28 | $65.40 | D | 1,851 | D | |
| Common StockF2 | holding | — | — | — | 844 | 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 UnitsF3,F4 | — | Dec 5, 2017 | M | 81 | D | — | — | Common Stock | 81 | 0 | D |
Explanation of responses
- F1Balance reflects 528 shares inadvertently omitted from the reporting person's prior Form 3 and Form 4 reports.
- F2Includes the following shares of common stock acquired by the reporting person since the date of his last report: 9.122 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F4The 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.