SEC Form 4 · accession 0001127602-18-035722

TORO CO · TTC

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

Reporting owner

Officer — VP, Information Services

Period of report

Dec 6, 2018

Accepted (ET)

Dec 10, 2018 · 5:16 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^F1,F2	Dec 6, 2018	A	1,888	$0.00	A	10,631	D
Common Stock	Dec 6, 2018	F	578	$0.00	D	10,053	D
Common Stock^F3	holding	—	—		—	10,324	I	The Toro Company Investment, Savings & ESOP

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	7,200	A	—	Dec 7, 2028	Common Stock	7,200	7,200	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 (the "Amended and Restated 2010 Plan"), 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. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
F2Includes 30.961 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.
F3Includes 35.936 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
F4The option vests in three equal annual installments commencing on the first anniversary of the date of grant.