TORO CO — Director's Dealing 2016

Dec 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2016-12-12

Reporting Person: Grams Blake M (VP, Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-12	Common Stock	S	3641.37	$55.339	Disposed	0	Direct
2016-12-12	Common Stock	M	7000	$10.1825	Acquired	7000	Direct
2016-12-12	Common Stock	S	7000	$55.334	Disposed	0	Direct
2016-12-14	Common Stock	S	330.906	$55.76	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-12	Non-Qualified Stock Option	$10.1825	M	7000	Disposed	2019-12-01	Common Stock (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Performance Share Units	34337.22	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $55.334 to $55.353, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $55.31 to $55.38, inclusive.

F3: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.