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TORO CO — Director's Dealing 2011
Dec 8, 2011
30737_dirs_2011-12-08_64ef60cb-7992-4579-9873-6ae0f8bf36bc.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: 2011-12-06
Reporting Person: Happe Michael J (VP, Residential & LCB)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-12-06 | Performance Share Units | A | 1150 | — | Acquired | 1150 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-12-07 | Non-Qualified Stock Option | $56.45 | A | 5900 | Acquired | 2021-12-07 | Common Stock (5900) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1537.96 | Direct |
| Common Stock | 4832.19 | Indirect |
Footnotes
F1: Represents the payout of a Performance Share Award for the Fiscal 2009 to Fiscal 2011 Performance Period under The Toro Company Performance Share Plan, 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 2011 financial results released on December 6, 2011. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers and, accordingly, the reporting person's Performance Share Award is paid in performance share units under that plan.
F2: Includes 16.960 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 the following shares of common stock acquired by the reporting person since the date of his last report: 59.358 shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (IS&ESOP); 350.805 shares acquired through individual and issuer matching contributions to the IS&ESOP; and 342.508 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
F4: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.