SEC Form 4 · accession 0001437749-19-002678
Otter Tail Corp · OTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles S Macfarlane
Officer — President & CEO
Period of report
Feb 13, 2019
Accepted (ET)
Feb 14, 2019 · 5:32 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 | 51,244 | $49.6225 | A | 186,319 | D | |
| Common StockF2,F3 | Feb 13, 2019 | F | 25,213 | $49.6225 | D | 161,106 | 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 UnitsF4,F5 | — | Feb 13, 2019 | A | 7,900 | A | Feb 6, 2020 | — | Common Stock | 7,900 | 7,900 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | Feb 6, 2017 | — | Common Stock | 2,375 | 2,375 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | Feb 6, 2018 | — | Common Stock | 3,450 | 3,450 | D |
| Restricted Stock UnitsF4,F8 | — | holding | — | — | — | Feb 6, 2019 | — | Common Stock | 5,400 | 5,400 | 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 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.
- 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.