SEC Form 4 · accession 0001127602-17-034564
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 11, 2017
Accepted (ET)
Dec 13, 2017 · 4:34 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 11, 2017 | M | 13,800 | $31.375 | A | 14,769 | D | |
| Common StockF1 | Dec 11, 2017 | S | 13,800 | $65.835 | D | 969 | D | |
| Common Stock | Dec 11, 2017 | M | 9,200 | $38.82 | A | 10,169 | D | |
| Common StockF2 | Dec 11, 2017 | S | 9,200 | $65.824 | D | 969 | D | |
| Common Stock | holding | — | — | — | 11,470 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share Units | holding | — | — | — | 4,931 | D | ||
| Restricted Stock Units | holding | — | — | — | 5,722 | 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 OptionF3 | $31.375 | Dec 11, 2017 | M | 13,800 | D | — | Dec 5, 2024 | Common Stock | 13,800 | 0 | D |
| Non-Qualified Stock OptionF4 | $38.82 | Dec 11, 2017 | M | 9,200 | D | — | Dec 4, 2025 | Common Stock | 9,200 | 4,600 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $65.71 to $65.94, 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 within the ranges set forth in footnotes (1) and (2) to this Form 4.
- 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 $65.67 to $66.08, inclusive.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 5, 2014.
- F4The option vests in three equal annual installments commencing on the first anniversary of the date of grant, which was December 4, 2015.