SEC Form 4 · accession 0001437749-17-006462
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles S Macfarlane
Officer — President & CEO
Period of report
Apr 8, 2017
Accepted (ET)
Apr 11, 2017 · 5:53 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 | 715 | $38.075 | D | 107,502 | D | |
| Common Stock | holding | — | — | — | 433 | I | By Daughter | |
| Common Stock | holding | — | — | — | 433 | I | By Son | |
| Common Stock | holding | — | — | — | 1,462 | I | By Daughter | |
| Common Stock | holding | — | — | — | 1,462 | I | By Son | |
| Common Stock | holding | — | — | — | 2,405 | I | ESOP |
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 | 4,000 | 4,000 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 7,125 | 7,125 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 6,900 | 6,900 | D |
Explanation of responses
- F1Grant of Restricted Stock. On 4/8/2017, 715 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 acquired through the Dividend Reinvestment Plan, The Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units 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 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.