SEC Form 4 · accession 0001127602-18-009354
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Buhrmaster
Director
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 4:22 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 | Feb 27, 2018 | M | 13,348 | $8.445 | A | 44,430 | D | |
| Common StockF1 | Feb 27, 2018 | S | 13,348 | $64.354 | D | 31,082 | D | |
| Common Stock UnitsF2 | holding | — | — | — | 18,083 | 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 | $8.445 | Feb 27, 2018 | M | 13,348 | D | — | Nov 3, 2018 | Common Stock | 13,348 | 0 | 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 $64.34 to $64.42, 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 range set forth in this footnote.
- F2Includes 54.617 common stock 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 Non-Employee Directors.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 3, 2008.