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TORO CO Director's Dealing 2010

Dec 9, 2010

30737_dirs_2010-12-09_8b2dac3c-b31e-4d44-abd3-537f1358d544.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: DRAZAN MICHAEL D (CIO, VP Contractor Business)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-12-07 Common Stock A 923 Acquired 21085 Direct
2010-12-07 Common Stock F 301 $64.38 Disposed 20784 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-12-08 Stock Option $63.52 A 6500 Acquired 2020-12-08 Common Stock (6500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1988.922 Indirect
Performance Share Units 13038.117 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 13.320 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.

F3: Includes 86.893 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.

F4: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.