SEC Form 4 · accession 0001437749-18-002097
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Abbott
Officer — Pres Varistar, Sr VP, M/I Plat
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 7:20 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 6, 2018 | M | 1,525 | — | A | 7,054 | D | |
| Common StockF2,F3 | Feb 6, 2018 | F | 594 | $39.775 | D | 6,460 | 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 UnitsF1,F4 | — | Feb 6, 2018 | M | 450 | D | Feb 6, 2018 | — | Common Stock | 450 | 450 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 6, 2018 | M | 600 | D | Feb 6, 2018 | — | Common Stock | 1,200 | 1,200 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 6, 2018 | M | 475 | D | Feb 6, 2018 | — | Common Stock | 1,425 | 1,425 | D |
| Restricted Stock UnitsF1,F7 | — | holding | — | — | — | Feb 6, 2019 | — | Common Stock | 1,800 | 1,800 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F2These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).
- F3Total direct holding acquired pursuant to Restricted Stock Units and Performance Share Awards.
- F4The restricted stock units vest in four equal installments which began February 6, 2016.
- F5The restricted stock units vest in four equal annual installments which began February 6, 2017.
- F6The restricted stock units vest in four equal annual installments which began February 6, 2018.
- F7The restricted stock units vest in four equal annual installments beginning the date shown above.