SEC Form 4 · accession 0001127602-18-035559
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jody M Christy
Officer — Vice President, BOSS
Period of report
Dec 4, 2018
Accepted (ET)
Dec 7, 2018 · 2:54 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 | Dec 4, 2018 | M | 177 | $0.00 | A | 2,689 | D | |
| Common Stock | Dec 4, 2018 | F | 51 | $59.58 | D | 2,638 | D | |
| Common Stock | Dec 4, 2018 | M | 60 | $0.00 | A | 2,699 | D | |
| Common Stock | Dec 4, 2018 | F | 18 | $59.58 | D | 2,681 | D | |
| Common Stock | holding | — | — | — | 205 | I | The Toro Company Investment, Savings and ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 4, 2018 | M | 177 | D | — | — | Common Stock | 177 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | Dec 4, 2018 | M | 60 | D | — | — | Common Stock | 60 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Toro common stock.
- F2The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on December 4, 2018, which was the third anniversary of the date of grant.
- F3The restricted stock units and related dividend equivalents vested and became non-forfeitable in three equal annual installments commencing on December 4, 2016, which was the first anniversary of the date of grant.