SEC Form 4 · accession 0001209191-16-097312
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul L Knutson
Officer — VP of Human Resources
Period of report
Feb 4, 2016
Accepted (ET)
Feb 10, 2016 · 4:38 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,F3 | Feb 6, 2016 | M | 225 | — | A | 3,229 | D | |
| Common StockF4 | Feb 6, 2016 | F | 78 | $28.40 | D | 3,151 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F5 | — | Feb 4, 2016 | A | 1,100 | A | Feb 6, 2017 | — | Common Stock | 1,100 | 1,100 | D |
| Restricted Stock UnitsF2,F1 | — | Feb 6, 2016 | M | 225 | D | Feb 6, 2016 | — | Common Stock | 900 | 675 | D |
Explanation of responses
- F1The restricted stock units vest in four equal installments beginning February 6, 2016.
- F2Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F3Total direct holdings include shares held in the Dividend Reinvestment Plan and shares acquired pursuant to Restricted Stock Award distributions.
- F4These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).
- F5The restricted stock units vest in four equal annual installments beginning February 6, 2017.