TORO CO — Director's Dealing 2021

Mar 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2021-03-08

Reporting Person: Grams Blake M (VP, Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-08	Common Stock	M	10600	$31.375	Acquired	10600	Direct
2021-03-08	Common Stock	S	10600	$99.5881	Disposed	0	Direct
2021-03-08	Common Stock	M	5500	$38.82	Acquired	5500	Direct
2021-03-08	Common Stock	S	5000	$98.5827	Disposed	500	Direct
2021-03-08	Common Stock	S	500	$98.978	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-08	Non-Qualified Stock Option	$31.375	M	10600	Disposed	2024-12-05	Common Stock (10600)	Direct
2021-03-08	Non-Qualified Stock Option	$38.82	M	5500	Disposed	2025-12-04	Common Stock (5500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	198.874	Indirect
Performance Share Units	36236.09	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 $98.93 to $99.87, 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 this footnotes (1), (2) and (3) 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 $97.94 to $98.93, inclusive.

F3: 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 $98.95 to $99.025, inclusive.

F4: Includes 0.504 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 non-discretionary quarterly administrative fees.

F5: Includes 94.67 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.

F6: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 5, 2014.

F7: The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 4, 2015.