TORO CO — Director's Dealing 2018

Jan 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2018-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-04	Common Stock	M	24225	$15.88	Acquired	24225	Direct
2018-01-04	Common Stock	S	24225	$66.086	Disposed	0	Direct
2018-01-05	Common Stock	M	21775	$15.88	Acquired	21775	Direct
2018-01-05	Common Stock	S	21775	$66.06	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-04	Non-Qualified Stock Option	$15.88	M	24225	Disposed	2020-12-08	Common Stock (24225)	Direct
2018-01-05	Non-Qualified Stock Option	$15.88	M	21775	Disposed	2020-12-08	Common Stock (21775)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	301.547	Indirect
Common Stock	61.593	Indirect
Performance Share Units	99248.99	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 $66.00 to $66.15, 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 ranges set forth in footnotes (1) and (2) to this Form 4.

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 $66.01 to $66.171, inclusive.

F3: Reflects an account adjustment for the reporting person since the date of his last report of 0.002 shares for quarterly non-discretionary administrative fees.

F4: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 8, 2010.