TORO CO — Director's Dealing 2020

Jan 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2020-01-15

Reporting Person: HARLESS KATHERINE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-15	Common Stock Units	D	1626.901	—	Disposed	4200.914	Direct
2020-01-15	Common Stock	A	1626	—	Acquired	70658.12	Direct

Footnotes

F1: Represents the payout of 1,540 shares of common stock and 86.901 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued on November 2, 2015 under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2020 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.

F2: Includes 12.708 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.

F3: Includes 5.437 shares of common stock acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.