SEC Form 4 · accession 0001437749-18-001954
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin G Moug
Officer — CFO & Sr VP
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 5:33 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 | 14,688 | $41.325 | A | 64,213 | D | |
| Common StockF2 | Feb 5, 2018 | F | 6,309 | $41.325 | D | 57,904 | D | |
| Common Stock | holding | — | — | — | 311 | I | ESOP | |
| Common Stock | holding | — | — | — | 171 | I | By Daughter | |
| Common Stock | holding | — | — | — | 171 | I | By Daughter |
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 | 2,400 | A | Feb 6, 2019 | — | Common Stock | 2,400 | 2,400 | D |
| Restricted StockF3,F5 | — | holding | — | — | — | Feb 6, 2016 | — | Common Stock | 1,450 | 1,450 | D |
| Restricted StockF3,F6 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 2,700 | 2,700 | D |
| Restricted StockF3,F7 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 2,500 | 2,500 | 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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.
- 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 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.