SEC Form 4 · accession 0001209191-16-113914
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
Apr 8, 2016
Accepted (ET)
Apr 11, 2016 · 7:52 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, 2016 | F | 232 | $28.415 | D | 2,939 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF3,F4 | — | holding | — | — | — | Feb 6, 2016 | — | Common Stock | 675 | 675 | D |
| Common StockF3,F5 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 1,100 | 1,100 | D |
| Common StockF3 | — | holding | — | — | — | Feb 6, 2020 | Feb 6, 2020 | Common Stock | 6,400 | 6,400 | D |
Explanation of responses
- F1Grant of Restricted Stock. On 4/8/2016, 232 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 held in the Dividend Reinvestment Plan and shares acquired pursuant to Restricted Stock Award distributions.
- F3Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F4The restricted stock units vest in four equal annual installments beginning February 6, 2016.
- F5The restricted stock units vest in four equal annual installments beginning February 6, 2017.