SEC Form 4 · accession 0001127602-18-027882
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Brown Jr.
Officer — Group VP, Res & Cont
Period of report
Sep 15, 2018
Accepted (ET)
Sep 18, 2018 · 4:22 pm EDT
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 | Sep 15, 2018 | M | 8,312 | $0.00 | A | 189,545 | D | |
| Common Stock | Sep 17, 2018 | F | 2,544 | $62.39 | D | 187,001 | D | |
| Common StockF1 | holding | — | — | — | 173 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF2 | holding | — | — | — | 9,190 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Sep 15, 2018 | M | 8,312 | D | — | — | Common Stock | 8,312 | 0 | D |
Explanation of responses
- F1Includes the following shares of common stock acquired by the reporting person since the date of his last report: 1.481 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 51.380 shares acquired through issuer annual investment fund contributions to and revenue credit allocations in the IS&ESOP.
- F2Includes 87.163 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F4The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on September 15, 2018, which was the third anniversary of the date of grant.