SEC Form 4 · accession 0001437749-17-006447
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, 2017
Accepted (ET)
Apr 11, 2017 · 4:55 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, 2017 | F | 118 | $38.075 | D | 3,293 | 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 UnitsF3,F4 | — | holding | — | — | — | Feb 6, 2016 | — | Common Stock | 450 | 450 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 825 | 825 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 800 | 800 | D |
| Restricted Stock UnitsF3 | — | holding | — | — | — | Feb 6, 2020 | Feb 6, 2020 | Common Stock | 6,400 | 6,400 | D |
Explanation of responses
- F1Grant of Restricted Stock. On 4/8/2017, 118 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, shares acquired pursuant to Restricted Stock Award distributions and Performance Share Awards.
- F3Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation 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.
- F6The restricted stock units vest in four equal annual installments beginning February 6, 2018.