SEC Form 4 · accession 0001127602-18-036995
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard W Rodier
Officer — VP, Commercial
Period of report
Dec 18, 2018
Accepted (ET)
Dec 20, 2018 · 6:01 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 18, 2018 | M | 4,000 | $10.1825 | A | 30,122 | D | |
| Common StockF1 | Dec 18, 2018 | S | 4,000 | $57.098 | D | 26,122 | D | |
| Common StockF2 | Dec 18, 2018 | S | 1,727 | $57.214 | D | 24,395 | D | |
| Common Stock | Dec 18, 2018 | S | 2,000 | $57.446 | D | 2,627 | I | The Toro Company Investment, Savings & ESOP |
| Performance Share Units | holding | — | — | — | 4,773 | 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 | $10.1825 | Dec 18, 2018 | M | 4,000 | D | — | Dec 1, 2019 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $57.082 to $57.136, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $57.202 to $57.252, inclusive.
- F3The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.