SEC Form 4 · accession 0001437749-19-002079
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Charles S Macfarlane
Officer — President & CEO
Period of report
Feb 6, 2019
Accepted (ET)
Feb 7, 2019 · 7:01 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 | 7,900 | — | A | 139,872 | D | |
| Common StockF2 | Feb 6, 2019 | F | 4,879 | $48.045 | D | 134,993 | D | |
| Common Stock | holding | — | — | — | 2,530 | I | by ESOP | |
| Common Stock | holding | — | — | — | 1,994 | I | By daughter | |
| Common Stock | holding | — | — | — | 1,984 | 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 UnitsF1,F3 | — | Feb 6, 2019 | M | 2,000 | D | Feb 6, 2019 | Feb 6, 2019 | Common Stock | 0 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 6, 2019 | M | 2,375 | D | Feb 6, 2019 | — | Common Stock | 2,375 | 2,375 | D |
| Restrcted Stock UnitsF1,F5 | — | Feb 6, 2019 | M | 1,725 | D | Feb 6, 2019 | — | Common Stock | 3,450 | 3,450 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 6, 2019 | M | 1,800 | D | Feb 6, 2019 | — | Common Stock | 5,400 | 5,400 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- 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.
- 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 which began February 6, 2018.
- F6The restricted stock units vest in four equal annual installments beginning the date shown above.