TORO CO — Director's Dealing 2020

Sep 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2020-09-08

Reporting Person: Redetzke Darren L (VP, International Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-08	Common Stock	S	4957	$80.60	Disposed	8460	Direct
2020-09-08	Common Stock	M	5800	$21.03	Acquired	14260	Direct
2020-09-08	Common Stock	S	5800	$80.80	Disposed	8460	Direct
2020-09-09	Common Stock	M	12000	$29.75	Acquired	20460	Direct
2020-09-09	Common Stock	S	12000	$81.45	Disposed	8460	Direct
2020-09-09	Common Stock	M	11600	$31.375	Acquired	20060	Direct
2020-09-09	Common Stock	S	11600	$81.90	Disposed	8460	Direct
2020-09-09	Common Stock	S	8460	$81.056	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-08	Non-Qualified Stock Option	$21.03	M	5800	Disposed	2022-12-11	Common Stock (5800)	Direct
2020-09-09	Non-Qualified Stock Option	$29.75	M	12000	Disposed	2023-12-06	Common Stock (12000)	Direct
2020-09-09	Non-Qualified Stock Option	$31.375	M	11600	Disposed	2024-12-05	Common Stock (11600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8466.289	Indirect
Common Stock	33918.827	Indirect
Performance Share Units	23183.234	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 $80.90 to 81.450, 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 90.129 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.

F3: Includes 360.855 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.

F4: Includes 247.841 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.

F5: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 11, 2012.

F6: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 6, 2013.

F7: The option vests in three equal annual installments commencing on the first anniversary of the date of grant, which was December 5, 2014.