Otter Tail Corp — Director's Dealing 2009

Aug 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2009-08-26

Reporting Person: MACFARLANE JOHN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-26	Common Stock	G	6	$0.00	Disposed	54274.6353	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23078.5551	Indirect
Common Stock	3441.281	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$19.75	2010-04-10	Common Stock (100000)	50000	Direct
Stock Options (right to buy)	$26.25	2011-04-09	Common Stock (100000)	100000	Direct

Footnotes

F1: Total direct holdings include shares jointly held with spouse, ESPP shares and shares acquired pursuant to Restricted Stock Award distributions.

F2: Stock options vest in cumulative annual installments of 25% beginning the date shown.