BROWN WILLIAM E JR 4

4 · TORO CO · Filed Dec 11, 2017

Form 4

Period: 2017-12-07

Vice President, Consumer & LCB

Transactions

Award
Non-Qualified Stock Option
2017-12-08+19,800→ 19,800 total
Exercise: $65.93Exp: 2027-12-08→ Common Stock (19,800 underlying)
Award
Performance Share Units
2017-12-07+9,103→ 9,103 total

Holdings

Footnotes (3)

[F1]Represents the payout of a Performance Share Award for the Fiscal 2015 to Fiscal 2017 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the issuer's Compensation & Human Resources Committee of its Board of Directors on December 5, 2017, and which was conditioned upon and subject to confirmation by the issuer's Fiscal 2017 financial results that were released on December 7, 2017. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
[F2]Includes 0.335 net shares of common stock acquired by the reporting person since the date of his last report acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP less quarterly non-discretionary administrative fees.
[F3]The option vests in three equal annual installments commencing on the first anniversary of the date of grant.

Documents

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