SEC Form 4 · accession 0001437749-18-001909
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Rogelstad
Officer — Sr VP, Elect Plat, Pres OTP
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 2:53 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 StockF7,F1 | Feb 5, 2018 | A | 9,248 | $41.325 | A | 19,488 | D | |
| Common StockF1 | Feb 5, 2018 | F | 4,661 | $41.325 | D | 14,827 | D | |
| Common Stock | holding | — | — | — | 2,489 | 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 UnitsF2,F6 | — | Feb 5, 2018 | A | 1,800 | A | Feb 6, 2019 | — | Common Stock | 1,800 | 1,800 | D |
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | Feb 6, 2016 | — | Common Stock | 900 | 900 | D |
| Restricted Stock UnitsF2,F4 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 1,800 | 1,800 | D |
| Restricted Stock UnitsF2,F5 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 1,700 | 1,700 | D |
Explanation of responses
- F1Total direct holdings include shares held in the Dividend Reinvestment Plan, shares jointly held with spouse acquired through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards, Restricted Stock Units and Performance Share distributions.
- F2Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F3The restricted stock units vest in four equal installments which began February 6, 2016.
- F4The restricted stock units vest in four equal annual installments which began February 6, 2017.
- F5The restricted stock units vest in four equal annual installments beginning February 6, 2018.
- F6The restricted stock units vest in four equal annual installments beginning the date shown above.
- F7Represents shares received upon the vesting of certain performance criteria in connection with a Performance Shares Award(granted in 2015).