SEC Form 4 · accession 0001437749-19-002072
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 6, 2019
Accepted (ET)
Feb 7, 2019 · 4:45 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, 2019 | M | 2,850 | — | A | 59,366 | D | |
| Common StockF2,F3 | Feb 6, 2019 | F | 896 | $48.045 | D | 58,470 | D | |
| Common Stock | holding | — | — | — | 176 | I | By Daughter | |
| Common Stock | holding | — | — | — | 176 | I | By Daughter | |
| Common Stock | holding | — | — | — | 321 | 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 UnitsF1,F4 | — | Feb 6, 2019 | M | 725 | D | Feb 6, 2019 | Feb 6, 2019 | Common Stock | 0 | 0 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 6, 2019 | M | 900 | D | Feb 6, 2019 | — | Common Stock | 900 | 900 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 6, 2019 | M | 625 | D | Feb 6, 2019 | — | Common Stock | 1,250 | 1,250 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 6, 2019 | M | 600 | D | 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 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.
- 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 which began February 6, 2019.