TORO CO — Director's Dealing 2019

Sep 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2019-09-10

Reporting Person: Svendsen Kurt D (VP, Information Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-10	Common Stock	M	3340	$15.88	Acquired	13498.398	Direct
2019-09-10	Common Stock	S	3340	$73.69	Disposed	10158.398	Direct
2019-09-10	Common Stock	M	4400	$14.1125	Acquired	14558.398	Direct
2019-09-10	Common Stock	S	4400	$73.392	Disposed	10158.398	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-10	Non-Qualified Stock Option	$15.88	M	3340	Disposed	2020-12-08	Common Stock (3340)	Direct
2019-09-10	Non-Qualified Stock Option	$14.1125	M	4400	Disposed	2021-12-07	Common Stock (4400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10492.12	Indirect

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 $73.56 to $73.74, 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 $73.14 to $73.63, inclusive.

F3: Includes the following shares of common stock acquired by the reporting person since the date of his last report: 108.055 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less non-discretionary quarterly administrative fees; and 60.273 shares acquired through issuer annual investment fund contributions to the IS&ESOP.

F4: The option vested in full on the third anniversary of the date of grant, which was December 8, 2010.

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