TORO CO — Director's Dealing 2019

Dec 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2019-12-09

Reporting Person: JANEY GREGORY S (VP, RLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-09	Common Stock	M	181.702	—	Acquired	1946.643	Direct
2019-12-09	Common Stock	F	56	$78.90	Disposed	1890.643	Direct
2019-12-09	Common Stock	M	61.258	—	Acquired	1951.901	Direct
2019-12-09	Common Stock	F	19	$78.90	Disposed	1932.901	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-09	Restricted Stock Units	$	M	181.702	Disposed		Common Stock (181.702)	Direct
2019-12-09	Restricted Stock Units	$	M	61.258	Disposed		Common Stock (61.258)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2022.997	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Toro common stock.

F2: The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on December 9, 2019, which is the third anniversary of the date of grant.

F3: The restricted stock units and related dividend equivalents vested and became non-forfeitable in three equal annual installments commencing on December 9, 2017, which was the first anniversary of the date of grant.