SEC Form 3
FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 12/13/2022 |
3. Issuer Name and Ticker or Trading Symbol
TORO CO [ TTC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,477.23 | D | |
Common Stock | 1.019 | I | The Toro Company Retirement Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option | (1) | 12/19/2029 | Common Stock | 3,000 | 76.53 | D | |
Non-Qualified Stock Option | (2) | 12/17/2030 | Common Stock | 6,300 | 93.33 | D | |
Non-Qualified Stock Option | (3) | 12/16/2031 | Common Stock | 4,600 | 99.34 | D | |
Restricted Stock Units | (4) | (4) | Common Stock | 716.503 | (5) | D |
Explanation of Responses: |
1. The option vested in three equal annual installments commencing on the first anniversary of the December 19, 2019 grant date. |
2. The option vests in three equal annual installments commencing on the first anniversary of the December 17, 2020 grant date. |
3. The option vests in three equal annual installments commencing on the first anniversary of the December 16, 2021 grant date. |
4. The restricted stock units and related dividend and equivalents vest and become non-forfeitable in full on the third anniversary of the November 2, 2020 grant date. |
5. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. |
/s/ Amy E. Dahl, Attorney-in-Fact | 12/20/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |