SEC Form 4 · accession 0001209191-16-113905
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Rogelstad
Officer — Sr VP, Elect Plat; Pres OTP
Period of report
Apr 8, 2016
Accepted (ET)
Apr 11, 2016 · 6:42 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 StockF1 | Apr 8, 2016 | M | 1,250 | — | A | 5,233 | D | |
| Common Stock | Apr 8, 2016 | F | 422 | $28.415 | D | 4,811 | D | |
| Common StockF3,F4 | Apr 8, 2016 | F | 152 | $28.415 | D | 4,659 | D | |
| Common Stock | holding | — | — | — | 2,290 | I | ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restritcted StockF5 | — | Apr 8, 2016 | M | 1,250 | D | Apr 8, 2016 | Apr 8, 2016 | common stock | 1,250 | 0 | D |
| Restricted Stock UnitsF5 | — | holding | — | — | — | Apr 8, 2017 | Apr 8, 2017 | common stock | 250 | 250 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | Feb 6, 2016 | — | common stock | 1,350 | 1,350 | D |
| Restricted StockF5,F7 | — | holding | — | — | — | Feb 6, 2017 | — | common stock | 2,400 | 2,400 | D |
Explanation of responses
- F1The reporting person receives one share of Common Stock for each restricted stock unit that vests.
- F2Grant of Restricted Stock Units. On 4/8/2016, 422 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of restricted stock units, exempt pursuant to Rule 16b-3(e).
- F3Grant of Restricted Stock. On 4/8/2016, 152 shares of Common Stock were withheld by the Corporation to pay taxes due upon vesting of the restricted stock, exempt pursuant to Rule 16b-3(e).
- F4Total direct holdings include shares held in Dividend Reinvestment Plan, shares held jointly with spouse that were acquired through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards, Restricted Stock Units.
- F5Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F6The restricted stock units vest in four equal installments beginning February 6, 2016.
- F7The restricted stock units vest in four equal annual installments beginning February 6, 2017.