TORO CO — Director's Dealing 2018

Jan 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2018-01-16

Reporting Person: HARLESS KATHERINE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-16	Common Stock Units	D	1851.108	—	Disposed	5548.946	Direct
2018-01-16	Common Stock	A	1851	—	Acquired	73523	Direct

Footnotes

F1: Represents the payout of 1,750 shares of common stock and 101.108 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2018 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.

F2: Includes 16.757 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.