SEC Form 4 · accession 0001127602-17-034337
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren L Redetzke
Officer — VP, International Business
Period of report
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 2:42 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 7, 2017 | A | 4,681 | $0.00 | A | 9,638 | D | |
| Common Stock | Dec 7, 2017 | F | 1,573 | $65.50 | D | 8,065 | D | |
| Common StockF2 | holding | — | — | — | 8,157 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 32,559 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF4 | holding | — | — | — | 22,336 | 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 | $65.93 | Dec 8, 2017 | A | 9,900 | A | — | Dec 8, 2027 | Common Stock | 9,900 | 9,900 | D |
Explanation of responses
- F1Represents the payout of a Performance Share Award for the Fiscal 2015 to Fiscal 2017 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the "Amended and Restated 2010 Plan"), 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. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
- F2Includes 42.755 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 169.819 net shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
- F4Includes 116.638 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 vests in three equal annual installments commencing on the first anniversary of the date of grant.