SEC Form 4 · accession 0001127602-19-008715
TORO CO · TTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren L Redetzke
Officer — VP, International Business
Period of report
Feb 26, 2019
Accepted (ET)
Feb 27, 2019 · 4:41 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 26, 2019 | M | 5,000 | $14.1125 | A | 16,013 | D | |
| Common Stock | Feb 26, 2019 | S | 5,000 | $68.95 | D | 11,013 | D | |
| Common Stock | Feb 26, 2019 | M | 11,000 | $21.03 | A | 22,013 | D | |
| Common Stock | Feb 26, 2019 | S | 11,000 | $68.95 | D | 11,013 | D | |
| Common StockF1 | holding | — | — | — | 8,296 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 33,178 | I | The Toro Company Investment, Savings & ESOP | |
| Performance Share UnitsF3 | holding | — | — | — | 22,717 | 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 26, 2019 | M | 5,000 | D | — | Dec 7, 2021 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock OptionF5 | $21.03 | Feb 26, 2019 | M | 11,000 | D | — | Dec 11, 2022 | Common Stock | 11,000 | 5,800 | D |
Explanation of responses
- F1Includes 31.903 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.
- F2Includes 128.097 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.
- F3Includes 87.679 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.
- F5The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 11, 2012.