TORO CO — Director's Dealing 2018

Sep 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2018-09-15

Reporting Person: BROWN WILLIAM E JR (Group VP, Res & Cont)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-15	Common Stock	M	8312.363	—	Acquired	189544.715	Direct
2018-09-17	Common Stock	F	2544	$62.39	Disposed	187000.715	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-15	Restricted Stock Units	$	M	8312.363	Disposed		Common Stock (8312.363)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	173.476	Indirect
Performance Share Units	9190.163	Direct

Footnotes

F1: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 1.481 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 51.380 shares acquired through issuer annual investment fund contributions to and revenue credit allocations in the IS&ESOP.

F2: Includes 87.163 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 and related dividend equivalents vested and became non-forfeitable in full on September 15, 2018, which was the third anniversary of the date of grant.