BURKART PHILIP A 4
4 · TORO CO · Filed Aug 29, 2018
Insider Transaction Report
Form 4
TORO COTTC
BURKART PHILIP A
VP, Irrigation Businesses
Transactions
- Exercise/Conversion
Common Stock
2018-08-28$10.18/sh+17,000$173,103→ 185,962 total - Exercise/Conversion
Non-Qualified Stock Option
2018-08-28−17,000→ 17,000 totalExercise: $10.18Exp: 2019-12-01→ Common Stock (17,000 underlying) - Gift
Common Stock
2018-08-28−170→ 168,962 total - Sale
Common Stock
2018-08-28$61.09/sh−17,000$1,038,479→ 168,962 total
Holdings
- 81,206.475(indirect: The Toro Company Investment, Savings & ESOP)
Common Stock
- 35,552.173
Performance Share Units
Footnotes (4)
- [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 $61.02 to $61.10, 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 range set forth in this footnote.
- [F2]Includes the following shares of common stock acquired by the reporting person since the date of his last report: 766.598 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 65.983 shares acquired through issuer annual investment fund contributions to the IS&ESOP.
- [F3]Includes 337.188 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.
- [F4]The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 1, 2009.