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TORO CO — Director's Dealing 2018
Aug 29, 2018
30737_dirs_2018-08-29_4f02026e-8cbc-415f-afb3-c279e079d6d8.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: 2018-08-28
Reporting Person: BURKART PHILIP A (VP, Irrig. & Lighting Business)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-28 | Common Stock | G | 170 | — | Disposed | 168962 | Direct |
| 2018-08-28 | Common Stock | M | 17000 | $10.1825 | Acquired | 185962 | Direct |
| 2018-08-28 | Common Stock | S | 17000 | $61.087 | Disposed | 168962 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-28 | Non-Qualified Stock Option | $10.1825 | M | 17000 | Disposed | 2019-12-01 | Common Stock (17000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 81206.475 | Indirect |
| Performance Share Units | 35552.173 | Direct |
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 $61.02 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.
F2: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 766.598 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 65.983 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
F3: Includes 337.188 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.
F4: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.