SEC Form 4 · accession 0001209191-15-012450
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles S Macfarlane
Officer — President & COO
Period of report
Feb 11, 2015
Accepted (ET)
Feb 12, 2015 · 12:38 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 | 13,220 | — | A | 91,875 | D | |
| Common StockF1,F3 | Feb 11, 2015 | F | 4,549 | — | D | 87,326 | D | |
| Common Stock | holding | — | — | — | 2,161 | I | ESOP | |
| Common Stock | holding | — | — | — | 1,730 | I | By daughter | |
| Common Stock | holding | — | — | — | 1,730 | I | By son |
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 | 13,220 | D | — | — | Common Stock | 13,220 | 0 | D |
| Restricted Stock Units (right to buy)F7 | — | holding | — | — | — | Feb 6, 2016 | Feb 6, 2016 | Common Stock | 8,000 | 8,000 | D |
| Stock Options (right to buy)F8 | $24.93 | holding | — | — | — | Oct 11, 2005 | Apr 11, 2015 | Common Stock | 3,000 | 3,000 | 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 acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.
- F3Performance Award: On 2/11/2015, 4,549 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
- F8Stock Options vest 100% six months from the date of the grant.