Dordell Timothy P 4
4 · TORO CO · Filed Dec 11, 2017
Insider Transaction Report
Form 4
TORO COTTC
Dordell Timothy P
VP, Secretary, General Counsel
Transactions
- Award
Performance Share Units
2017-12-07+9,883→ 99,248.99 total - Award
Non-Qualified Stock Option
2017-12-08+19,000→ 19,000 totalExercise: $65.93Exp: 2027-12-08→ Common Stock (19,000 underlying)
Holdings
- 301.547(indirect: By Trust)
Common Stock
- 61.595(indirect: The Toro Company Investment, Savings & ESOP)
Common Stock
Footnotes (5)
- [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 715.352 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
- [F3]Includes 2.415 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.
- [F4]Includes the following shares of common stock acquired by the reporting person since the date of his last report: 0.486 net shares acquired under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP (the "IS&ESOP") less quarterly non-discretionary administrative fees; and 61.109 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- [F5]The option vests in three equal annual installments commencing on the first anniversary of the date of grant.