SEC Form 4 · accession 0001209191-16-097333
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 4, 2016
Accepted (ET)
Feb 10, 2016 · 4:51 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 | 2,000 | — | A | 92,000 | D | |
| Common StockF4 | Feb 6, 2016 | F | 778 | $28.40 | D | 91,222 | D | |
| Common Stock | holding | — | — | — | 2,295 | I | ESOP | |
| Common Stock | holding | — | — | — | 1,809 | I | By Daughter | |
| Common Stock | holding | — | — | — | 1,809 | 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 StockF2,F5 | — | Feb 4, 2016 | A | 9,500 | A | Feb 6, 2017 | — | Common Stock | 9,500 | 9,500 | D |
| Restricted StockF2,F1 | — | Feb 6, 2016 | M | 2,000 | D | Feb 6, 2016 | — | Common Stock | 8,000 | 6,000 | 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 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.
- 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.