X0306 4 2014-09-05 0000794170 TOLL BROTHERS INC TOL 0001210657 BRAEMER RICHARD J 250 GIBRALTAR ROAD HORSHAM PA 19044 1 Common Stock 2014-09-05 4 S 0 10000 33.7396 D 157147 D The Reporting person will provide, upon request by SEC staff, the issuer or a security holder, the full information about the number of shares sold at each separate sales price. Weighted average sales price-actual sale prices ranged from $33.7345 to $33.7501. /s/Kathryn G. Flanagan,attorney-in-fact 2014-09-05