SEC Form 4 · accession 0001437749-19-002128

Otter Tail Corp · OTTR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr VP, Elect Plat, Pres OTP

Period of report

Feb 6, 2019

Accepted (ET)

Feb 8, 2019 · 3:24 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 Stock^F1	Feb 6, 2019	M	1,925	—	A	17,789	D
Common Stock^F2,F3	Feb 6, 2019	F	893	$48.045	D	16,896	D
Common Stock	holding	—	—		—	2,617	I	by ESOP

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F4	—	Feb 6, 2019	M	450	D	Feb 6, 2019	Feb 6, 2019	Common Stock	0	0	D
Restricted Stock Units^F1,F5	—	Feb 6, 2019	M	600	D	Feb 6, 2019	—	Common Stock	600	600	D
Restricted Stock Units^F1,F6	—	Feb 6, 2019	M	425	D	Feb 6, 2019	—	Common Stock	850	850	D
Restricted Stock Units^F1,F7	—	Feb 6, 2019	M	450	D	Feb 6, 2019	—	Common Stock	1,350	1,350	D

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.
F7Restricted stock units vest four years from date shown above.