TORO CO — Director's Dealing 2020

Apr 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2020-04-01

Reporting Person: Drake Angela C (VP, Construction)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-01	Common Stock	M	639.044	—	Acquired	639.044	Direct
2020-04-01	Common Stock	F	222	$61.57	Disposed	417.044	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-01	Restricted Stock Units	$	M	639.044	Disposed		Common Stock (639.044)	Direct
2020-04-01	Restricted Stock Units	$	A	1100	Acquired		Common Stock (1100)	Direct

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 vest and become non-forfeitable in three equal annual installments commencing on April 1, 2020, which is the first anniversary of the date of grant.

F3: The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the date of grant.