SEC Form 4 · accession 0001127602-18-031798
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine J Harless
Director
Period of report
Nov 1, 2018
Accepted (ET)
Nov 2, 2018 · 2:42 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 UnitsF1,F2 | Nov 1, 2018 | A | 1,009 | $0.00 | A | 6,614 | D | |
| Common Stock | holding | — | — | — | 65,530 | 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,F4 | $58.63 | Nov 1, 2018 | A | 4,482 | A | — | Nov 1, 2028 | Common Stock | 4,482 | 4,482 | D |
Explanation of responses
- F1Annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the "Amended and Restated 2010 Plan"). The reporting person has deferred the payout of her stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's stock award is paid in common stock units under the Deferred Plan.
- F2Includes 55.935 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.
- F3Annual option grant for service as a non-employee director issued under the Amended and Restated 2010 Plan.
- F4The option vests in three equal annual installments commencing on the first anniversary of the date of grant.