X0303 4 2011-05-31 0000794170 TOLL BROTHERS INC TOL 0000922997 TOLL ROBERT I 250 GIBRALTAR ROAD HORSHAM PA 19044 1 1 1 Executive Chairman Common Stock 2011-05-31 4 M 0 476569 0 A 10961961 D Common Stock 2011-05-31 4 S 0 476569 21.7825 D 10485392 D Common Stock 2011-06-01 4 M 0 306231 0 A 10791623 D Common Stock 2011-06-01 4 S 0 306231 21.486 D 10485392 D Common Stock 2706 I 401(k) Plan Common Stock 2349973 I Entities Wholly Owned By Reporting Person Common Stock 77265 I Trusts Common Stock 466361 I GRAT-Expires April, 2012 Common Stock 319341 I GRAT-Expires April, 2013 Common Stock 362393 I GRAT-Expires April, 2014 Stock Options (Right to Buy) 10.88 2011-05-31 4 M 0 476569 0 D 2002-12-20 2011-12-20 Common Stock 476569 523431 D Stock Options (Right to Buy) 10.88 2011-06-01 4 M 0 306231 0 D 2002-12-20 2011-12-20 Common Stock 306231 217200 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 $21.74-$21.851 Weighted average sales price -actual sale prices ranged from $21.31-$21.71 /s/Kathryn G. Flanagan,attorney-in-fact 2011-06-02