TORO CO — Director's Dealing 2018

Aug 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2018-08-28

Reporting Person: Dordell Timothy P (VP, Secretary, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-28	Common Stock	S	125.259	$61.03	Disposed	0	Indirect
2018-08-28	Common Stock	M	44800	$14.1125	Acquired	44800	Direct
2018-08-28	Common Stock	S	44800	$61.017	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-28	Non-Qualified Stock Option	$14.1125	M	44800	Disposed	2021-12-07	Common Stock (44800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	304.425	Indirect
Performance Share Units	100199.312	Direct

Footnotes

F1: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 0.988 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 62.678 shares acquired through issuer annual investment fund contributions to and revenue credit allocations in the IS&ESOP.

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 $61.00 to $61.10, 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 range set forth in this footnote.

F3: Includes 2.878 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.

F4: Includes 950.322 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.

F5: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 7, 2011.