TORO CO — Director's Dealing 2015

Mar 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2015-03-19

Reporting Person: DRAZAN MICHAEL D (VP, Global Micro Irrigation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-19	Common Stock	M	14000	$22.45	Acquired	72612	Direct
2015-03-19	Common Stock	S	14000	$68.15	Disposed	58612	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-19	Non-Qualified Stock Option	$22.45	M	14000	Disposed	2016-11-30	Common Stock (14000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4625.658	Indirect
Performance Share Units	27532.462	Direct

Footnotes

F1: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 18.272 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 57.894 shares acquired through issuer annual investment fund contributions to the IS&ESOP.

F2: Includes 111.652 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.

F3: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 30, 2006.