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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MELROSE KENDRICK B 8111 LYNDALE AVENUE SOUTH BLOOMINGTON, MN 55420-1196 |
X | Chairman of the Board |
N. Jeanne Ryan, Atty-In-Fact | 01/23/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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). |
(1) | On January 23, 2006, Toro distributed to Mr. Melrose 845,431 shares of Common Stock previously held as Common Stock units for his benefit under The Toro Company Deferred Compensation Plan for Officers. Toro also withheld from distribution 348,740 shares to pay income and related taxes required by law. The Common Stock units represented compensatin earned, but deferred, by Mr. Melrose under The Toro Company Performance Share Plan and The Toro Company Annual Management Incentive Plan II from 1999 through 2005. The distribution was made pursuant to Mr. Melrose's prior deferral election to take a lump sum distribution following his December 31, 2005 retirement as an employee of Toro. Under the terms of the plan, such a distribution is to be on or about January 15 following termination, and in Mr. Melrose's case, was ordered on January 19, 2006. |