SEC Form 4 · accession 0001127602-18-035689

TORO CO · TTC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Represents the payout of a Performance Share Award for the Fiscal 2016 to Fiscal 2018 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the issuer's Compensation & Human Resources Committee of its Board of Directors on December 4, 2018, and which was conditioned upon and subject to confirmation by the issuer's Fiscal 2018 financial results that were released on December 6, 2018. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
• F2Includes 32.32 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
• F3Includes 0.61 net shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of and revenue credit allocations in The Toro Company Investment, Savings & ESOP, less quarterly non-discretionary administrative fees.