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TORO CO — Director's Dealing 2017
Apr 4, 2017
30737_dirs_2017-04-04_485967b4-f93a-40c0-9769-2a8dce7a0acc.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: 2017-03-31
Reporting Person: HOFFMAN MICHAEL J (Director, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-31 | Common Stock | M | 72217 | $7.155 | Acquired | 1271706 | Direct |
| 2017-03-31 | Common Stock | S | 72217 | $62.507 | Disposed | 1199489 | Direct |
| 2017-03-31 | Common Stock | M | 71360 | $7.155 | Acquired | 1270849 | Direct |
| 2017-03-31 | Common Stock | S | 71360 | $62.772 | Disposed | 1199489 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-31 | Non-Qualified Stock Option | $7.155 | M | 72217 | Disposed | 2018-12-03 | Common Stock (72217) | Direct |
| 2017-03-31 | Non-Qualified Stock Option | $7.155 | M | 71360 | Disposed | 2018-12-03 | Common Stock (71360) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 40 | Indirect |
| Common Stock | 253182 | Indirect |
| Common Stock | 137460.836 | Indirect |
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 $62.25 to $62.67, 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 $62.68 to $63.38, inclusive.
F3: Reflects an account adjustment of -0.26 shares of common stock.
F4: Includes 65.429 shares of common stock acquired by the reporting person through issuer annual investment fund contributions to The Toro Company Investment, Savings & ESOP.
F5: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 3, 2008.