SEC Form 4 · accession 0001437749-17-001898
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Abbott
Officer — Pres Varistar, Sr VP, M/I Plat
Period of report
Feb 6, 2017
Accepted (ET)
Feb 8, 2017 · 10:01 am 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 | 1,050 | — | A | 1,324 | D | |
| Common StockF4,F3 | Feb 6, 2017 | F | 410 | $38.35 | D | 914 | 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,F1 | — | Feb 6, 2017 | M | 1,050 | D | Feb 6, 2017 | — | Common Stock | 3,750 | 2,700 | 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 holdings were acquired pursuant to Restricted Stock Units.
- F4These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).