SEC Form 4 · accession 0001437749-19-002623
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Rogelstad
Officer — Sr VP, Elect Plat, Pres OTP
Period of report
Feb 13, 2019
Accepted (ET)
Feb 14, 2019 · 3:40 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 13, 2019 | A | 12,920 | $49.6225 | A | 29,816 | D | |
| Common StockF2,F3 | Feb 13, 2019 | F | 6,356 | $49.6225 | D | 23,460 | D | |
| Common Stock | holding | — | — | — | 2,617 | I | by 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 UnitsF4,F5 | — | Feb 13, 2019 | A | 1,700 | A | Feb 6, 2020 | — | Common Stock | 1,700 | 1,700 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 600 | 600 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 850 | 850 | D |
| Restricted Stock UnitsF4,F8 | — | holding | — | — | — | Feb 6, 2019 | — | Common Stock | 1,350 | 1,350 | D |
Explanation of responses
- F1Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2016).
- 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.
- F4Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
- F5The restricted stock units vest in four equal annual installments beginning the date shown above.
- 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.
- F8The restricted stock units vest in four equal annual installments which began February 6, 2019.