SEC Form 4 · accession 0001127602-19-008711
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake M Grams
Officer — VP, Global Operations
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 4:36 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 | Feb 25, 2019 | M | 8,200 | $14.1125 | A | 8,200 | D | |
| Common StockF1 | Feb 25, 2019 | S | 8,200 | $68.563 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 134 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 35,314 | 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 OptionF4 | $14.1125 | Feb 25, 2019 | M | 8,200 | D | — | Dec 7, 2021 | Common Stock | 8,200 | 0 | 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 $68.50 to $68.70, 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 range set forth in this footnote.
- F2Includes 0.459 net 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 Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
- F3Includes 136.298 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
- F4The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 7, 2011.