TORO CO — Director's Dealing 2018

Nov 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2018-11-01

Reporting Person: Vale Michael G. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-01	Common Stock Units	A	1009	—	Acquired	1009	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-01	Non-Qualified Stock Option	$58.63	A	4482	Acquired	2028-11-01	Common Stock (4482)	Direct

Footnotes

F1: Annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the "Amended and Restated 2010 Plan"). The reporting person has deferred the payout of his stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's stock award is paid in common stock units under the Deferred Plan.

F2: Annual option grant for service as a non-employee director issued under the Amended and Restated 2010 Plan.

F3: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.