SEC Form 4 · accession 0001209191-15-012438
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 11, 2015
Accepted (ET)
Feb 12, 2015 · 12:06 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,F2 | Feb 11, 2015 | M | 15,160 | — | A | 52,138 | D | |
| Common StockF1,F3 | Feb 11, 2015 | F | 6,208 | — | D | 45,930 | 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 RightsF1,F4,F5,F6 | — | Feb 11, 2015 | M | 15,160 | D | — | — | Common Stock | 15,160 | 0 | D |
| Restricted Stock Units (right to buy)F7 | — | holding | — | — | — | Feb 6, 2016 | Feb 6, 2016 | Common Stock | 2,900 | 2,900 | D |
Explanation of responses
- F1The fair market value of date of grant 4/16/2012 was $21.32 with fair market value on vesting date of $31.675.
- F2Total 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.
- F3Performance Award: On 2/11/2015, 6,208 shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).
- F4This Performance Share Award had no conversion or exercise price established at the time of the grant.
- F5There is no specific "Exercisable Date" on this Performance Share Award.
- F6There is no specific "Expiration Date" on this Performance Share Award.
- F71 -for -1