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TORO CO — Director's Dealing 2010
Dec 9, 2010
30737_dirs_2010-12-09_cd861cbb-27d2-489f-865b-045084cf2095.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2010-12-07
Reporting Person: HOFFMAN MICHAEL J (Director, Chmn., CEO & Pres.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-07 | Common Stock | A | 9720 | — | Acquired | 207370.305 | Direct |
| 2010-12-07 | Common Stock | F | 4150 | $64.38 | Disposed | 203220.305 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-08 | Stock Option | $63.52 | A | 63300 | Acquired | 2020-12-08 | Common Stock (63300) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 31408.004 | Indirect |
| Performance Share Units | 47442.898 | Direct |
Footnotes
F1: Represents payout of Performance Share Awards for the Fiscal 2008 to Fiscal 2010 Performance Period under The Toro Company Performance Share Plan (the "PSP"), as approved by the registrant's Compensation & Human Resources Committee of its Board of Directors and conditioned upon and subject to confirmation by the registrant's Fiscal 2010 financial results released on December 7, 2010. Performance Share Awards are paid in Shares of Common Stock under the PSP.
F2: Includes 615.078 shares of common stock acquired by the reporting person under The Toro Company Dividend Reinvestment Plan since the date of his last report.
F3: Includes 97.527 shares of common stock acquired by the reporting person under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP since the date of his last report.
F4: Includes 146.985 Performance Share Units acquired by the reporting person under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers since the date of his last report.
F5: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.