SEC Form 4 · accession 0001127602-17-034307
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Alkire
Officer — VP, RLC Businesses
Period of report
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 1:37 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Dec 7, 2017 | A | 5,722 | $0.00 | A | 5,722 | D | |
| Common StockF2 | holding | — | — | — | 969 | D | ||
| Common StockF3 | holding | — | — | — | 11,470 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF4 | holding | — | — | — | 4,931 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the payout of a Performance Share Award for the Fiscal 2015 to Fiscal 2017 Performance Period (the "F'15-F'17 PSA") under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the issuer's Compensation & Human Resources Committee of its Board of Directors on December 5, 2017, and which was conditioned upon and subject to confirmation by the issuer's Fiscal 2017 financial results that were released on December 7, 2017. The reporting person's F'15-F'17 PSA was paid initially in the form of restricted stock units.
- F2Includes 10.783 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.
- F3Includes the following shares of common stock acquired by the reporting person since the date of his last report: 126.519 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.
- F4Includes 54.617 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.