SEC Form 4 · accession 0001127602-18-002111
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine J Harless
Director
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 5:11 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 UnitsF1,F2 | Jan 16, 2018 | D | 1,851 | $0.00 | D | 5,549 | D | |
| Common Stock | Jan 16, 2018 | A | 1,851 | $0.00 | A | 73,523 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the payout of 1,750 shares of common stock and 101.108 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2018 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.
- F2Includes 16.757 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.