TORO CO — Director's Dealing 2017

Sep 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2017-09-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-01	Common Stock	M	8200	$15.88	Acquired	8200	Direct
2017-09-01	Common Stock	S	8200	$60.929	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-01	Non-Qualified Stock Option	$15.88	M	8200	Disposed	2020-12-08	Common Stock (8200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	65.748	Indirect
Performance Share Units	34625.489	Direct

Footnotes

F1: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 0.319 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 65.429 shares acquired through issuer annual investment fund contributions to the IS&ESOP.

F2: Includes 181.591 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 December 8, 2010.