SEC Form 4 · accession 0001437749-17-001880
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 6, 2017
Accepted (ET)
Feb 7, 2017 · 7:15 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, 2017 | M | 500 | — | A | 3,529 | D | |
| Common StockF3 | Feb 6, 2017 | F | 143 | $38.35 | D | 3,386 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF2,F1 | — | Feb 6, 2017 | M | 500 | D | Feb 6, 2017 | — | Common Stock | 1,775 | 1,275 | D |
Explanation of responses
- F1These shares represent restricted stock units granted in 2015 and 2016, each of which vest in four equal installments on February 6 each year until vesting is completed.
- F2Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
- F3Total direct holding include shares acquired through the Dividend Reinvestment Plan, Restricted Stock Units and Performance Share Awards.