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Filing Details

Accession Number:: 0001127602-12-033861
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-12-13 18:22:24
Reporting Period:: 2012-12-11

Filing Date:: 2012-12-13
Accepted Time:: 2012-12-13 18:22:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
737758	Toro Co	TTC	Lawn & Garden Tractors & Home Lawn & Gardens Equip (3524)	410580470

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1350880	M Blake Grams	8111 Lyndale Avenue South Bloomington MN 55420-1196	Vp, Corporate Controller	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Performance Share Units	Acquisiton	2012-12-11	6,000	$0.00	10,224	No	4	A	Direct
Common Stock	Acquisiton	2012-12-12	5,800	$14.31	9,878	No	4	M	Direct
Common Stock	Disposition	2012-12-12	5,800	$42.69	4,078	No	4	S	Direct
Common Stock	Disposition	2012-12-12	7,500	$42.57	2,912	No	4	S	Indirect	The Toro Company Investment, Savings & ESOP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	The Toro Company Investment, Savings & ESOP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option	Acquisiton	2012-12-11	5,700	$0.00	5,700	$42.06
Common Stock	Non-Qualified Stock Option	Disposition	2012-12-12	5,800	$0.00	5,800	$14.31

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,700		2022-12-11	No	4	A	Direct
5,800	2009-12-03	2018-12-03	No	4	M	Direct

Footnotes

Represents the payout of a Performance Share Award for the Fiscal 2010 to Fiscal 2012 Performance Period under The Toro Company Performance Share Plan, as approved by the registrant's Compensation & Human Resources Committee of its Board of Directors on December 11, 2012. 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.
Includes 11.585 performance share units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of his last report.
Includes 11.203 shares of common stock acquired by the reporting person since the date of his last report under The Toro Company Dividend Reinvestment Plan (the "DRIP") on 4,067.072 shares of restricted stock and related DRIP shares. The restricted stock and all related DRIP shares vest in full on the third anniversary of the date of grant, which was March 30, 2011.
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 $42.68 to $42.735, 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.
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 $42.43 to $42.75, 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.
Includes 28.57 shares of common stock acquired by the reporting person under the dividend reinvestment feature of The Toro Company Investment, Savings & ESOP since the date of his last report.
The option vests in three equal annual installments commencing on the first anniversary of the date of grant.