SEC Form 4 · accession 0001127602-18-028524
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt D Svendsen
Officer — VP, Information Services
Period of report
Sep 27, 2018
Accepted (ET)
Sep 28, 2018 · 4:08 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 StockF1 | Sep 27, 2018 | M | 6,180 | $10.1825 | A | 14,892 | D | |
| Common Stock | Sep 27, 2018 | S | 6,180 | $60.55 | D | 8,712 | D | |
| Common StockF2 | holding | — | — | — | 10,288 | I | The Toro Company Investment, Savings & ESOP |
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 | $10.1825 | Sep 27, 2018 | M | 6,180 | D | — | Dec 1, 2019 | Common Stock | 6,180 | 0 | D |
Explanation of responses
- F1Includes 82.406 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.
- F2Includes the following shares of common stock acquired by the reporting person since the date of his last report: 96.767 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 65.983 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.