Sec Form 4 Filing - MELROSE KENDRICK B @ TORO CO - 2006-01-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
MELROSE KENDRICK B
2. Issuer Name and Ticker or Trading Symbol
TORO CO [ TTC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last) (First) (Middle)
8111 LYNDALE AVENUE SOUTH
3. Date of Earliest Transaction (MM/DD/YY)
01/19/2006
(Street)
BLOOMINGTON, MN55420-1196
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/19/2006 F 348,740 ( 1 ) D $ 44.83 843,121 ( 1 ) D
Common Stock 1,832 I By grandchildren
Common Stock 38,115.9007 I The Toro Company Investment, Savings & ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MELROSE KENDRICK B
8111 LYNDALE AVENUE SOUTH
BLOOMINGTON, MN55420-1196
X Chairman of the Board
Signatures
N. Jeanne Ryan, Atty-In-Fact 01/23/2006
Signature of Reporting Person Date
Explanation of Responses:
( 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.

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