SEC Form 4 · accession 0001437749-18-001936
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
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 4:41 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 | Feb 5, 2018 | A | 40,392 | $41.325 | A | 148,737 | D | |
| Common StockF2 | Feb 5, 2018 | F | 19,873 | $41.325 | D | 128,864 | D | |
| Common Stock | holding | — | — | — | 2,458 | I | by ESOP | |
| Common Stock | holding | — | — | — | 1,937 | I | by Daughter | |
| Common Stock | holding | — | — | — | 1,927 | I | by Son |
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 | — | Feb 5, 2018 | A | 7,200 | A | Feb 6, 2019 | — | Common Stock | 7,200 | 7,200 | D |
| Restricuted Stock UnitsF3,F5 | — | holding | — | — | — | Feb 6, 2016 | — | Common Stock | 4,000 | 4,000 | D |
| Restricted StockF3,F6 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 7,125 | 7,125 | D |
| Restricted StockF3,F7 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 6,900 | 6,900 | D |
Explanation of responses
- F1Represents shares received upon the vesting of certain performance criteria in connection with a Performance Shares Award(granted in 2015).
- 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 common stock.
- F4The restricted stock units vest in four equal annual installments beginning the date shown above.
- F5The restricted stock units vest in four equal installments which began February 6, 2016.
- F6The restricted stock units vest in four equal annual installments which began February 6, 2017.
- F7The restricted stock units vest in four equal annual installments which began February 6, 2018.