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TORO CO Director's Dealing 2011

Dec 8, 2011

30737_dirs_2011-12-08_34910b55-b9f9-4e95-868b-51d43ef9e718.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: 2011-12-07

Reporting Person: Altmaier Judy L (VP, Operations & Quality Mgmt.)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-12-07 Non-Qualified Stock Option $56.45 A 7800 Acquired 2021-12-07 Common Stock (7800) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4885.372 Direct
Common Stock 1.01 Indirect

Footnotes

F1: Includes 4,752 shares of restricted stock awarded to the reporting person as an inducement grant under the terms of her employment and exempted from a shareholder approved plan as provided for under NYSE Rule 303A.0, and 65.094 shares acquired under The Toro Company Dividend Reinvestment Plan (the "DRIP") from dividends paid on the restricted stock since the date of her last report. The restricted stock and related DRIP shares vest in full on the third anniversary of the date of grant, which was October 19, 2009.

F2: Includes the following shares of common stock acquired by the reporting person since the date of her last report: 1 share acquired through a customary issuer contribution to The Toro Company Investment, Savings & ESOP (IS&ESOP) following an employee's first anniversary of employment; and 0.010 shares acquired under the dividend reinvestment feature of the IS&ESOP.

F3: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.