SEC Form 4 · accession 0001209191-15-011039
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin G Moug
Officer — CFO & Sr VP
Period of report
Feb 9, 2015
Accepted (ET)
Feb 9, 2015 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466593
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 36,978 | D | ||
| Common Stock | holding | — | — | — | 278 | I | ESOP | |
| Common Stock | holding | — | — | — | 306 | I | by daughters |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF5,F6,F2,F3,F4 | — | Feb 6, 2015 | A | 15,160 | A | — | — | Common Stock | 15,160 | 15,160 | D |
| Restricted Stock Units (right to buy)F7,F8 | — | Feb 6, 2015 | A | 2,900 | A | Feb 6, 2016 | Feb 6, 2016 | Common Stock | 2,900 | 2,900 | D |
Explanation of responses
- F1Total direct holdings include shares jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.
- F2This is a Performance Share Award and has no conversion or exercise price at this time.
- F3There is no specific "Exercisable Date" on this Performance Share Award.
- F4There is no specific "Expiration Date" on this Performance Share Award.
- F5The grant price of this award was based on fair market value at the time of the grant which was $21.32.
- F6Performance Share Award acquired under the 1999 Stock Incentive Plan. This award was reaffirmed at the Board of Directors meeting held 2/6/2015 and is based on performance period of 1/1/2012 - 12/31/2014.
- F7Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F8The restricted stock units vest in four equal annual installments beginning February 6, 2016.