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TORO CO — Director's Dealing 2011
Dec 8, 2011
30737_dirs_2011-12-08_3fca747f-cf5d-497d-94d4-07d022641b01.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: BROWN WILLIAM E JR (VP, International Business)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-12-06 | Common Stock | A | 1350 | — | Acquired | 42985 | Direct |
| 2011-12-06 | Common Stock | F | 442 | $56.88 | Disposed | 42543 | 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 | 7027.341 | 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 (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 2011 financial results released on December 6, 2011. Performance Share Awards are paid in shares of common stock under the PSP.
F2: Includes 151.047 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: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.