SEC Form 4 · accession 0001209191-15-033586
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
Apr 8, 2015
Accepted (ET)
Apr 10, 2015 · 5:45 pm EDT
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 StockF2 | Apr 8, 2015 | F | 1,825 | $31.845 | D | 88,667 | D | |
| Common Stock | holding | — | — | — | 2,216 | I | ESOP | |
| Common Stock | holding | — | — | — | 1,747 | I | By daughter | |
| Common Stock | holding | — | — | — | 1,747 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (right to buy)F3 | — | holding | — | — | — | Feb 6, 2016 | Feb 6, 2016 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1Grant of Restricted Stock. On 4/8/2015, 1,825 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of restricted stock, exempt pursuant to Rule 16b-3(e).
- 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.
- F3Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.