X0306 4 2018-12-03 0000794170 TOLL BROTHERS INC TOL 0000922997 TOLL ROBERT I 250 GIBRALTAR ROAD HORSHAM PA 19044 1 1 Executive Chairman Common Stock 2018-12-03 4 A 0 8312 0 A 7516635 D Common Stock 2078 I 401(k) Plan Common Stock 163005 I Trusts Common Stock 3190480 I Robert I. Toll Revocable Trust Performance Based Restricted Stock Units 0 2018-12-03 4 A 0 24043 0 A 2021-12-18 2021-12-18 Common Stock 24043 24043 D Reflects the number of shares earned in respect of TSR-based performance restricted stock units originally granted on December 18, 2015. On December 3, 2018, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metric, which measured total shareholder return (TSR) of the Issuer over the three year period from November, 1 2015 to October 31, 2018 relative to the TSR of each of a peer group of companies. Settlement of the shares will occur on December 19, 2018. Reflects the number of shares earned in respect of operational performance restricted stock units originally granted on December 18, 2017. On December 3, 2018, the Compensation Committee of the Board of Directors certified the achievement levels of the operational performance metrics applicable to the award and the number of shares earned based on such results. One quarter of shares earned vest on each anniversary of the grant date, with settlement of 100% of the award on the fourth anniversary. These performance-based restricted stock units vest 25% on each of December 18, 2018, 2019, 2020 and 2021. Settlement of 100% of earned shares is scheduled to occur on 12/18/2021. /s/Kathryn G. Flanagan,attorney-in-fact 2018-12-06