X0306 4 2016-09-21 0 0000098752 TOROTEL INC TTLO 0001685225 Hancock Heath 14802 ROSEWOOD DRIVE LEAWOOD KS 66224 0 1 0 0 Chief Financial Officer Common Stock 2016-09-21 4 A 0 160000 0 A 160000 D These shares are restricted securities and subject to certain conditions under a Restricted Stock Agreement dated September 21, 2016. These shares are subject to a risk of forfeiture and cannot be sold, donated, transferred or in any manner encumbered except in accordance with the terms of such agreement. Based upon the Corporation attaining certain financial goals during the five-year period ending April 30, 2021, as outlined in the agreement, the Restricted Shares shall be released from the restrictions and risk of forfeiture on September 21, 2021. Shares granted pursuant to a Restricted Stock Agreement. Heath C. Hancock 2016-09-29