SEC Form 4 · accession 0001127602-18-035698

TORO CO · TTC

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

Reporting owner

Officer — VP, Secretary, General Counsel

Period of report

Dec 6, 2018

Accepted (ET)

Dec 10, 2018 · 4:50 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
Performance Share Units^F1,F2	Dec 6, 2018	A	7,789	$0.00	A	108,341	D
Common Stock^F3	holding	—	—		—	305	I	By Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option^F4	$58.53	Dec 7, 2018	A	21,600	A	—	Dec 7, 2028	Common Stock	21,600	21,600	D

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 352.383 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 1.071 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.
F4The option vests in three equal annual installments commencing on the first anniversary of the date of grant.