TORO CO — Director's Dealing 2017

Jun 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2017-06-16

Reporting Person: Olson Richard M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-16	Common Stock	M	5004.267	—	Acquired	6720.461	Direct
2017-06-16	Common Stock	F	1682	$72.39	Disposed	5038.461	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-16	Restricted Stock Units	$	M	5004.267	Disposed		Common Stock (5004.267)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15625.827	Indirect
Performance Share Units	22878.434	Direct

Footnotes

F1: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 91.311 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 134.661 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: Each restricted stock unit represents a contingent right to receive one share of Toro common stock.

F4: The restricted stock units vested and became non-forfeitable in full on June 16, 2017, which is the third anniversary of the date of grant.